Update on Luisa IvethLuisa is presented with the need to invest more in her business selling bags. For this reason, she is requesting a new loan for the purchase of bags of different sizes. She will also purchase paper, soaps, shampoo, etc. If she is able to improve her business by supplying the variety shelves of products, she manages to improve her economic profits.
She had the experience with the loan previously which allowed her to increase the merchandise to assist her customers. Luisa continues with her business, improving her economic conditions thanks to the help of the loans.
Ella tuvo la experiencia con el préstamo anterior de la cual pudo aumentar la mercaderia para atender a la clientela, Luisa sigue con su negocio mejorando en sus condiciones económicas gracias a la ayuda de los créditos.
Previous Loan DetailsLuisa's business is selling bags. She is single and lives with her parents. She works with her father delivering bags as they work to order. She has clear customers to whom she delivers. Luisa is requesting a loan to buy plastic bags in different sizes. This purchase will help her to have a ... More from Luisa Iveth'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 21, 2012
- Oct 21, 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.