Update on ElizabethElizabeth needs to invest more in her business which is why she’s requesting a new loan to service her mill. She will buy new disks and sharpen the ones she’s been using; she will also buy hoppers and trays. This will allow her to stay in business providing better customer service.
She comments that the previous loan helped her to improve her mill more to provide corn milling service to more customers and improve her income. She continues with her business and improving alongside her family.
Ella comenta que el crédito anterior le ayudo a mejorar el molino más para prestar el servicio de moler nixtamal a una mayor clientela y mejorar sus ingresos económicos, ella sigue con su negocio y mejorando junto a su familia.
Previous Loan DetailsElizabeth lives with her husband and two children. She works renting out the services of her mill, which was started by her husband. She works with her nephew. Her hours of work are 5:00am-5:00pm. She has a lot of experience operating the mills. She is requesting a loan to buy new parts to repair… More from Elizabeth'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 19, 2012
- Oct 19, 2012
- Currency Exchange Loss:
- Jan 18, 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.