Update on Cecilia JeannetteCecilia needs to invest in her business and at the same time legalize the public deed of her house. She is requesting a loan again, which will help her with the purchase of basic grains, oil, meat, seafood, and drinks for her business and notary fees for the legislation of the public deed of her house.
She says that the previous loan allowed her to stay in business, achieving customer loyalty. She continues with her business, improving economically for the maintenance of her family.
Ella nos comenta que el préstamo anterior le permitio mantenerse en su negocio logrando la fidelidad de sus clientes, ella sigue con su negocio mejorando económicamente para el mantenimiento de su familia.
Previous Loan DetailsCecilia has a small food stand. She lives in her own home with her 13-year-old daughter. She is divorced and works to support her family. She is a teacher and a merchant. Together with her sister, she sells food and drinks. She is requesting a loan to invest in the purchase of materials to... More from Cecilia Jeannette'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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- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Sep 14, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- Nov 14, 2012
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.