Update on Ernestina GuadalupeErnestina has decided to take out a new loan because she believes these loans to be very good for investing in her business. They represent a good opportunity to grow her business.
Ernestina will buy concentrated feed for two pigs that she currently owns as summer is approaching and the business is more difficult then. Her previous loan helped her to improve her profits. Her family are living better now and have received the food they need, thanks to the loan which made her a profit.
Con el préstamo anterior considera que le ayudo a mejorar las ganancias en el negocio, su familia tiene una mejor condición, han contado con la alimentación necesaria, debido a la inversión del préstamo, ya que produjo ganancias.
Previous Loan DetailsErnestina is requesting a new loan since she believes that the previous loan provided her with a great opportunity to improve her farm. With this loan, she will buy construction materials to build a pen for her pigs, since she currently has a sow who will soon give birth, and she wants to give her… More from Ernestina Guadalupe'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
- Dec 14, 2012
- Jan 2, 2013
- 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.