Update on AndreaAndrea needs to invest in her business; she needs a new loan to buy materials that she uses daily like corn, cheese, oil and other products. The loan will help her keep her business going.
With the previous loan, Andrea believes that it allowed her to grow and to have the raw materials to keep working. Her family’s circumstances have changed since they are receiving better earnings.
Con el préstamo anterior Andrea considera que le permitió crecer y tener la materia prima para trabajar, en su familia las circunstancias han cambiado teniendo mejores ingresos.
Previous Loan DetailsAndrea works in a pupusería (a stand selling pupusas, a savory treat made from stuffed corn dough). She lives with her daughter and grandchildren and began the business through her own initiative. She worked from home and has the experience needed to help her make quality products. She is… More from Andrea'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
- Oct 3, 2012
- Oct 31, 2012
- Currency Exchange Loss:
- Oct 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.