Update on Maria GuadalupeMaria has decided to apply for a new loan. She is presently administering 2 activities; selling cashew seeds, and operating a carpentry shop, for which she needs to buy wood for making furniture. She will purchase wood of different types, nails, screws, paint, and varnish. All this forms a part of the primary materials she needs to do her carpentry work.
The result of her previous loan was to improve the functioning of her business, investing in cashew seeds to sell during season. With that loan she has been able to better sustain her family and, also, purchase material to improve her house.
El efecto que tuvo con el préstamo anterior fue una mejoría en el funcionamiento del negocio, invirtiendo en la temporada de la semilla de marañón, con ello ha podido mejorar el sustento de la familia y compro material para mejorar la vivienda.
Previous Loan DetailsMaría lives with a sister and her mother. She sells cashew nuts, and also works at carpentry with a brother who has his own home. From working at these jobs, she has generated earnings for her family. Right now, she is requesting a loan in order to purchase the whole nuts so she can process them,... More from Maria Guadalupe'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
- 20 months (Additional Information)
- Repayment Schedule
- Nov 7, 2012
- Dec 4, 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.