Update on Maria EsperanzaMaría’s asking for a new loan to improve the business buying the sewing supplies she uses the most in her tailor shop. She will buy a variety of fabrics in different colors, buttons, zippers and other products to have larger capacity and fill orders. Her previous loan had a positive effect because she succeeded in acquiring new customers; she kept up a good level of clothes production which allowed her to have work to generate household income.
Con el préstamo anterior tuvo un efecto positivo, ya que logro crear nuevos clientes, mantuvo una buena producción de prendas de vestir, esto le ha permitido poder tener el trabajo para generar las fuentes de ingreso para su hogar.
Previous Loan DetailsMaría works doing sewing. She lives with her four children and her occupation is being a seamstress: she sews clothes, suits, trousers, and by these means she has been able to move her family ahead in life. She is requesting a loan for the purchase of various colors and types of fabric, as this… More from Maria Esperanza'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
- Sep 4, 2012
- Sep 27, 2012
- Currency Exchange Loss:
- Nov 24, 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.