Update on Maria EdelmiraMaria needs to invest more in the purchasing and selling of milk, curd, French bread, and the making of hot maize drinks and tamales. This is why she is asking for a new loan for the purchase of cornflour, sugar, corncobs, firewood, French bread, yuca, etc. This will help her have more stability with her business.
She says that thanks to the last loan, she increased her percentage of gains and had greater ease in making her loan payments. Things are the same with her regarding her business and her family.
Ella manifiesta que gracias al préstamo anterior incremento el porcentaje de ganancia y tuvo una mejor tranquilidad en el pago de sus cuotas, ella sigue igual con su negocio y su familia.
Previous Loan DetailsMaría lives in her own home. She has three children and they work and help her with the expenses of the home. She works selling atoles (warm, corn-based beverages), tamales, sweet bread, and French bread. She has her business at the main entrance to the market.
She is asking for a loan t... More from Maria Edelmira'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:
- May 17, 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.