Update on Patricia EsmeraldaPatricia continues selling hand bags, backpacks, purses, assorted clothes. At the moment, she needs working capital in order to make her business more dynamic, through a loan that would make it possible for her to buy hand bags, backpacks and purses in different colors and styles. Buying these items will make it possible for her to continue to sell and to keep her job, which is how she sustains her home.
She mentions that the previous loan made it possible to strengthen the business, that so far her profits have increased and she has been able to help her family. Her family's conditions continue to be stable.
Ella manifiesta que el préstamo anterior permitió fortalecer el negocio, que hasta el momento sus ganancias han podido aumentar y ayudar a su familia, las condiciones en el hogar se mantiene permanentes.
Previous Loan DetailsPatricia earns her living selling clothing and hand bags. She lives with her husband and her three children, ages 13, 10 and 8, all of whom are still dependent on their parents. Patricia has been in this business for three years. She learned the business through her mother in law, who encouraged... More from Patricia Esmeralda'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
- 11 months (Additional Information)
- Repayment Schedule
- Sep 12, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- Sep 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.