Update on Santos EliasSantos needs a new loan to strengthen his business selling tortillas and tamales. He will use the loan to buy firewood and corn at wholesale, condiments, and other ingredients to make tamales and tortillas.
With his previous loan, he was able to get everything he needed for his business and was able to increase his sales. Now, he and his family have made improvements to their house. He states that he is satisfied with the work that he has carried out with his business.
Con el préstamo anterior logro tener lo necesario para el negocio, mejorando la ventas y en este tiempo ella y su familia han hecho mejoras a la vivienda, manifiesta estar satisfecha con el trabajo realizado en el negocio.
Previous Loan DetailsSantos is applying for a loan, part of which she will use to buy firewood and maize for her prepared food business and part for roofing to improve her house. The investments will allow her to continue her tortilla sales business and repair her roof. She used a past loan to buy supplies that s... More from Santos Elias'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:
- 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.