Update on Claudia CarolinaClaudia has decided to take out another loan in order to strengthen her food sales. She will buy cooking ingredients like oil, rice, tomatoes, meat, and condiments. Her business will be stocked and she can prepare the dishes. The effect of her previous loan was an increase in customers and better earnings. Her business was already well-established. This is how she will give her daughter a better life.
El efecto que tuvo con el préstamo anterior fue un aumento en la clientela, sus ganancias fueron mejor, ya que ha tenido un negocio bien establecido, con esto puede darle una mejor vida a su hija.
Previous Loan DetailsClaudia, who lives with her 5 year old daughter, sells food. She has a stall in the town market where she works every weekday preparing different dishes for her customers. Currently she needs a loan to buy rice, oil, meat and sandwiches. These products will help her to keep up a good selection… More from Claudia Carolina'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
- 32 months (Additional Information)
- Repayment Schedule
- Oct 24, 2012
- Nov 20, 2012
- Currency Exchange Loss:
- Dec 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.