Update on Maria YamilethMaria decided to request a new loan because during the holiday season at the end of the year, her business's demand will be better. She wants to buy corn wholesale and lime so she will have the basic supplies needed for her business, and she can keep working.
The result of her previous loan was that her tortilla sales grew. Her family has not faced any (bad) circumstances, and her economic situation has improved.
El efecto que tuvo con su préstamo anterior fue el crecimiento en sus ventas de tortillas, en su familia no ha enfrentado ninguna circunstancia, su economía ha mejorado.
Previous Loan DetailsMaría is requesting a new loan to stock up her inventory by buying firewood, corn, gas and other items she needs to keep on improving the service she offers to her customers. She says that thanks to her previous loan she succeeded in maintaining her level of sales and was able to earn money for ... More from Maria 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
- Dec 6, 2012
- Dec 26, 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.