Update on Maria LuisaMaría has decided to take out another loan due to the need to buy merchandise for her store. She will buy cooking oil, sugar, rice, salt, and other products that are necessary for her business to function well and meet her customers' demands.
Her previous loan allowed her to increase her merchandise, and also enabled her to pay better attention to her customers. At the moment, her economic situation in the family has remained well thanks to Kiva's loan financing.
Con el préstamo anterior tuvo un efecto en el aumento de la mercadería, tambien en la mejor atención a los clientes, hasta el momento su situación económica en la familia ha permanecido bien gracias al crédito financiado por Kiva.
Previous Loan Details55-year old Maria lives with her husband. She has run a store out of her home for the past year and started the business because she needed money for household expenses. Maria is currently seeking a loan to buy merchandise such as sugar, beans, rice, oil, eggs, and bread so she has more goods to ... More from Maria Luisa'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 25, 2012
- Nov 21, 2012
- Currency Exchange Loss:
- Nov 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.