Update on Maria ElsiMaría continues working from her home at the small businesses she runs. She is requesting a new loan she will use to purchase firewood, flour and corn and also clothing for adults and children. Thus she will be able to continue with her two businesses and generate an income for her household.
The previous loan enabled her to expand her businesses and compete by having more products to offer, such as a variety of clothes. She says that the loans have allowed her to continue helping her family and they have also improved sales.
El préstamo anterior manifiesta que le permitió crecer en el negocio y poder competir con más productos, como la ropa variada, ella manifiesta que estos préstamos son los que le han permitido que ella continúe ayudando a su familia y que también le ha ayudado en la venta.
Previous Loan DetailsMaría lives with her husband and five adult children. She sells pupusas and other food. She began this business in the city center because she had an illness that made it impossible for to continue selling clothing, which she used to do. She works from 5:00 am to 3:00 pm. She is asking for… More from Maria Elsi'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 12, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- Oct 17, 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.