Update on Monica AdileneMonica has decided to request a new loan, with the intention to continue to invest in the business and keep the merchandise dynamic, she will buy different colors and styles of blouses, shirts, pants, underwear, all this merchandise will help her make her customers happier and increase sales.
For Monica, the experience of the previous loan was very good, she says it allowed her to make a good investment in merchandise and allowed her to work with her family, they are stable at the moment and haven't faced any inconveniences.
Para Mónica la experiencia con el crédito anterior fue muy favorable, comenta que le permitió realizar una buena inversión en mercadería y poder trabajar con su familia, manifiesta que se mantienen estables hasta el momento no han enfrentado ningún inconveniente.
Previous Loan DetailsMónica lives with an aunt and some cousins. She is the single mother of a 3-year-old girl; her daughter depends on her alone. Mónica sells new clothing. She started this business through her aunt's help, as she also is a merchant. She works as a street vendor, and does not have fixed hours fo... More from Monica Adilene'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 28, 2012
- Sep 25, 2012
- Currency Exchange Loss:
- Apr 17, 2014
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.