Update on Jenny MargaritaJenny needs to strengthen her business with more working capital. She considers it important to buy a variety of blouses and skirts. She will also buy sandals in a variety of styles for her customers. This will help her continue to offer quality in her merchandise and to diversify her products.
With the previous loan, she was able to have a greater variety of clothing to sell, in addition to sandals. With the earnings she covered some needs for her family. Her children are in school, and today they have a better quality of life.
Con el préstamo anterior logro tener más variedad de ropa para la venta, así como sandalias, con las ganancias ha cubierto algunas necesidades en su familia, sus hijos están en sus estudios, hoy en día tienen una mejor condición.
Previous Loan DetailsJenny lives with her family, which consists of her husband and three children (ages 8, 10, and 12). She does not have any relatives living abroad. Jenny sells clothing and shoes. She has been in business for four years. Jenny works every day from 6 A.M. to 4 P.M. As of this date, she has not… More from Jenny Margarita'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 19, 2012
- Jan 2, 2013
- Currency Exchange Loss:
- May 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.