Update on Elda ElenaElda needs to invest in her business to take advantage of the end of the year season. She will buy cooking products such as oil, meat, tomatoes, potatoes, and propane gas, among other products that may be necessary to ensure the proper functioning of her business.
With her previous loan, she believes that her income has increased, because she invested in the strengthening of her business in order to improve its profitability. Now that she can better attend to her children's' needs, her living conditions are now better.
Con el préstamo anterior considera que sus ingresos han aumentado, porque invirtió en el fortalecimiento del negocio para poder mejorar la rentabilidad del negocio, atendiendo a sus hijos con lo necesario, sus condicione en el hogar son mejores.
Previous Loan DetailsElda lives in her own home with her husband and three children. She runs a pupusería, which is a food stand serving pupusas, corn tortillas stuffed with cheese, beans, chicken or fried pork rind. She maintains the food stand with the help of her family. She started the business with the help of ... More from Elda Elena'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 22, 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.