Update on Maria FranciscaMaría wants to continue making tortillas. She needs now to invest in buying materials such as corn and firewood. By buying them in bulk, she will be able to improve the profits obtained through sales, because she obtains the products at a better price.
She mentions that the previous loan helped her having a better solvency through the profits. So far, she has managed to keep a stable condition for her family.
Ella nos comenta que el préstamo anterior le permitio obtener una mejor solvencia a través de las ganancias, hasta el momento ha logrado que su familia mantenga un nivel estable.
Previous Loan DetailsMaría lives with her three children who are 15, 12 and 3 years old. She is a single mother and her business is selling tortillas. She set up her business because she needed to make income for her family as she is the only one who works. She works from 5.00am to 6.00pm and makes her sales every… More from Maria Francisca'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
- 12 months (Additional Information)
- Repayment Schedule
- Sep 12, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- Jun 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.