Update on Rosa ElsaRosa believes that the loans are a work tool, that they help her increase income at work and this is why she’s requesting a new loan to buy feed and more pigs to fatten up for subsequent resale in order to continue earning profits and supporting her family.
She states that with the previous loan she obtained higher and better profits because she increased her basic grain crop yields; her living conditions have improved because now her family enjoys good nutrition and have better access to improve schooling. Her business is much more profitable.
Ella manifiesta que con el préstamo anterior obtuvo más y mejores ganancias debido a que incremento sus cosechas de granos básicos, sus condiciones le han sido mejoradas, debido a que hoy su familia goza de una buena alimentación y facilidades de mejorar sus estudios y su negocio es mucho mas rentable.
Previous Loan DetailsRosa lives with her family, which consists of her husband and four children. Her children are ages 16, 14, 13, and 10, and all of them are dependents. She currently manages a small poultry farm while her husband grows corn and beans.
They are currently in the process of gathering their ... More from Rosa Elsa'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
562View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Sep 29, 2012
- Oct 23, 2012
- Currency Exchange Loss:
- Aug 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.