Carmen De Jesus
Update on Carmen De JesusCarmen has decided to get another loan to continue working and expanding her business. Her goal is to invest in buying new clothing--shirts, t-shirts, and pants--so she can continue offering her customers a variety of merchandise.
She thinks that with her previous loan she managed to offer a greater range of products, with which she generated more income to cover her family's needs.
Con su préstamo anterior considera que logró ofrecer una mayor gama de productos, con los que logró generar mejores ganancias para poder solventar las necesidades de su familia.
Previous Loan DetailsCarmen sells new clothes. She lives with her husband. She has children that are living independently. Her husband is in the military. She has a clothing sales business. She learned this business because she needed to generate her own income. She is asking for this loan in order to buy new blouse... More from Carmen De Jesus'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
512View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Nov 23, 2012
- Dec 7, 2012
- Currency Exchange Loss:
- Aug 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.