Update on Blanca RosaBlanca needs to improve her store. She is asking for a loan to buy cement, bricks and sheet metal to make improvements to the shop where she sells ice cream. This loan will allow her to have better conditions and a new look.
She thinks that due to the previous loan her sales have been better, giving her new resources. Her financial situation at home has also improved.
Con el préstamo anterior considera que debido a la inversión sus ventas han sido mejor, logrando hacerse de nuevos recursos para la venta, en su hogar su situación económica ha mejorado.
Previous Loan DetailsBlanca lives in her own house on the same land where her son and his wife live. She runs a store and sells food, and has been in business for quite some time since she needed to earn an income and stay busy. She is requesting a loan to buy basic products for the food she makes, such as oil,… More from Blanca Rosa'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
- Oct 23, 2012
- Nov 19, 2012
- Currency Exchange Loss:
- Apr 19, 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.