Update on Ana MariaAna has decided on a new loan to invest in gathering the harvest. With it, she will pay for laborers to harvest corn and beans. This will help to get the corn and beans ready for consumption.
With the previous loan, Ana says it allowed her to buy the necessary supplies for cultivation. She has improved production and provided food for her family. Apart from farming, she also runs a convenience store out of her house, which she has been able to keep well-stocked.
Con el préstamo anterior Ana comenta que le permitió comprar los insumos necesarios para realizar el cultivo, ella ha mejorado su producción y ha tenido la alimentación para su familia, tambien su negocio de la tienda en su casa continua bien surtido, manteniendose ocupada en dos actividades.
Previous Loan DetailsAna has decided to ask for a new loan because she is about to start a new field of corn and beans. In order to do this she needs to rent the land, which is how she will apply the money from her loan. This will allow her to have for certain the place where she will cultivate. The previous loan… More from Ana Maria'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 13, 2012
- Jan 8, 2013
- Currency Exchange Loss:
- Oct 17, 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.