Update on Johana YamilethJohana has decided to request another loan because she needs to improve her beauty business. The money will be invested in the purchase of supplies such as make-up, nail polishes, dyes, press-on nails, a curling iron, a hair dryer, crèmes, hair serum, shampoo, soap, acetone, and sprays.
The previous loan helped in a great way since it allowed her to generate an income. Johana was able to buy a hair clipping machine. To this day, she has been able to support her family and improve her fixed assets. She has also expanded her range of services to include styling and coloring so that she can cater to the tastes of her customers.
El crédito anterior le ayudo en gran manera ya que le permitió a traves de las ganancias, comprar una maquina de cortar pelo. La familia hasta el día de hoy se mantiene, sus ingresos han mejorado sus activos fijos, han mejorado la gama de servicios variando para los gustos, estilos y colores de los clientes.
Previous Loan DetailsJohana has a beauty salon. She is a single mother who is responsible with her home and lives with her grandmother. She learned cosmetology as an assistant and has had her own business more more than six months. Currently she is requesting a loan to buy products such as dyes, creams, hair tre... More from Johana Yamileth's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Aug 16, 2012
- Sep 20, 2012
- Currency Exchange Loss:
- Aug 18, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.