Update on Katiusca EugeniaKatiusca needs to invest in her perfumery business which is why she’s requesting a loan once more to buy more perfume, deodorants and creams as well as two display cases for her business in order to improve her inventory and increase her clientele. Her previous loan helped her positively improving her inventory and with it her income. She continues with her business in order to have a better life.
El préstamo anterior le ayudo positivamente, mejorando su inventario y con ello sus ingresos económicos, ella se mantiene con el negocio para poder tener una mejor vida.
Previous Loan DetailsKatiusca lives with her mother and sisters, and works selling merchandise like perfume, lotions, and creams. She has had the business for a year. She is requesting a loan to buy two boxes of merchandise, including creams, lotions, and make-up. With this investment she will be able to improve… More from Katiusca Eugenia'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
- 17 months (Additional Information)
- Repayment Schedule
- Sep 17, 2012
- Oct 25, 2012
- Currency Exchange Loss:
- Jul 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.