Update on Wendy VanessaWendy has decided on a new loan so that she can purchase a package of clothing, which is being offered to her at a low price. She will be able to get better profits on selling it. The bundle of used clothing includes blouses, dresses, pants and skirts.
She considers that the purchases she has made through the loans have been of great importance in building up the business, and have enabled her to offer her customers greater variety. With this she has managed to obtain a source of work, and be responsible for her family and their financial circumstances.
Ella considera que las compras que ha realizado a través de los préstamos han sido de gran importancia para fortalecer el negocio y poder ofrecer a sus clientes mayor variedad con esto ha logrado obtener la fuente de trabajo y velar por las condiciones económicas y su familia.
Previous Loan DetailsWendy makes a living selling used clothing. She lives with her father and three siblings, and she is also a single mother of one boy. Her business is the sale of used clothing, which she began on her own out of the necessity to have an income to support her family. She is requesting a loan for… More from Wendy Vanessa'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
- 8 months (Additional Information)
- Repayment Schedule
- Nov 23, 2012
- Dec 7, 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.