Update on Ingrid YamilethIngrid has decided to apply for a new loan in order to plant a new crop of basic grains. She will buy three sacks of fertilizer and she will pay a farmhand. She will be able to complete the planting of the crop with the help of this loan. Her previous loan had a positive effect as her harvest grew and she was able to sell her production to have money for her family. She believes that her farm work is improving on account of her use of Kiva loans.
Con el préstamo anterior ella tuvo un efecto positivo, pues su cosecha se aumento y la producción logro vender para utilizar el dinero en su familia, considera que está mejorando su trabajo en el campo debido a la utilidad de los préstamos Kiva.
Previous Loan DetailsIngrid is 19 years old. She has a one year old daughter and she lives with her husband and mother-in-law. Together, they cultivate the land to produce corn and beans, and with this work they have managed to improve their situation, as they have now been doing it for two years. She is requesting a… More from Ingrid Yamileth'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 14, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Sep 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.