Update on Sonia MarcelaSonia has opted for a loan to strengthen the business because these months are more productive for sales. She will buy fresh, seasonal fruit like mango, jicama and papaya and will also buy fireworks that are traditionally sold in December. She considers that her previous loan helped her business to be profitable because having what was necessary kept her customers satisfied. With her family life, she bought metal sheets to roof the business and used profits to buy what was necessary for her home.
Ella considera que el préstamo anterior le ayudo a que el negocio fuera rentable, con lo necesario para la venta, los clientes estuvieron satisfechos. En su vida familiar, compro láminas para cubrir el negocio, con las ganancias ha comprado lo necesario para el hogar.
Previous Loan DetailsSonia lives with her mother and her son. She’s single and for the last twelve years has been selling peeled fruit. She works in her fruit business from Monday to Sunday; she learned it from her mother a long time ago. She wants to expand sales but needs to buy more fruit and does not have ... More from Sonia Marcela'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:
- Apr 19, 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.