Update on Rosa EmiliaRosa, who has decided to take out a new loan, will buy cashew nuts in bulk. This will allow her to maintain a sufficient quantity in her inventory to continue processing them for sale.
She believes that the last loan had a positive effect. She bought merchandise to stock and sell at a better price, generating more earnings. Her family´s circumstances are better now that they have a better environment.
Ella considera que con el préstamo anterior tuvo un efecto positivo, se compro mercadería para almacenar y vendió a mejor precio, generando más ganancias, las circunstancias en su familia son mejores, ya que tiene un mejor ambiente.
Previous Loan DetailsRosa lives with her family. She's a single mother of three and earns a living selling cashew nuts. She learned this business with her husband with whom she is no longer has a relationship. She kept up the business seeing in it the way to be able to provide income and cover necessities for her fam... More from Rosa Emilia'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
647View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Dec 6, 2012
- Dec 26, 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.