Update on Marta CorinaMarta is requesting a new loan so that she can continue her business. She will buy necessary supplies for making tortillas such as a griddle and corn in bulk. With these items, she believes she will be able to work a long time.
Marta says that the experience with the loans have enabled her to meet all of the financial needs of the family. Her family has been growing and her house has undergone renovations thanks to the help from her husband, her savings, and her tortilla business.
Ella manifiesta que su experiencia con los prestamos, le ha permitido satisfacer todas las necesidades económicas de la familia, ha logrado crecer con su familia, en su casa han hecho remodelaciones, con ayuda de su esposo, ahorros y del negocio de las tortillas.
Previous Loan DetailsMarta is asking for a loan to improve the inventory of her business selling tortillas by obtaining corn, firewood, and gas in greater quantity. This will allow her to get better prices with the suppliers and will leave her with a larger profit margin, from which she covers her necessities and pays… More from Marta Corina'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
- 17 months (Additional Information)
- Repayment Schedule
- Dec 14, 2012
- Jan 3, 2013
- Currency Exchange Loss:
- Mar 17, 2014
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.