Update on Elsi NoemiElsi manages her hog business and needs to buy two more pigs and three bushels of feed for them. She is asking for a loan that will allow her to make this investment and expand her farm.
She wants to increase her income and feels that the loans will allow her to buy food, clothing, and other basic needs for her home and family. She feels that she’s succeeding and has been able to send her children to school.
Ella quiere aumentar sus ingresos, pues considera que los préstamos le permiten comprar alimentación, vestuario y otras necesidades básicas de su hogar y sus familiares, considera que esta superándose, ha enviado a sus hijos a la escuela.
Previous Loan DetailsElsi lives in a rented house with her husband and two children, ages 5 and 7. She raises pigs and chickens. Elsi started her business when she got married, so she already has experience. She is currently requesting a loan to buy pigs, chickens, and polished rice hulls so that she can expand he... More from Elsi Noemi'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
- Nov 7, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Jun 18, 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.