Teresa Del Carmen
Update on Teresa Del CarmenTeresa is requesting a new loan for the Christmas season because she wants to increase her sales. To do this, she will buy pork, beans, corn, cabbage, and firewood. These are the supplies she needs to make the food that she sells.
With her previous loan she improved her business by having more products available to serve to her customers. As a result, her family's situation remained stable.
Con el préstamo anterior mejoro su negocio, manteniendo más disponibilidad de productos, atendiendo a los clientes, con esto su condición en la familia a permanecido estable.
Previous Loan DetailsTeresa sells tortillas. She is married and lives with her parents. She devotes herself to the business as a source of revenue to help with her family’s income. She is requesting a loan to buy corn, firewood, and lime powder. These products are for her business. This loan will help her to i... More from Teresa Del Carmen'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 14, 2012
- Jan 2, 2013
- 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.