Update on Maria LuciaMaría needs to buy more merchandise. She has a business selling clothes, and she wants to take advantage of the end of the year season. She will do so by purchasing merchandise to stock her business and to get the attention of more customers. She will buy blouses, skirts, and pants, which are the most typical merchandise.
She feels that the previous loan had a positive effect. It did so by allowing her to use the money to improve the business. This has allowed her to keep working in order to provide her family with what they need.
Con el préstamo anterior considera que tuvo un efecto positivo, permitiéndole utilizar el dinero para mejorar del negocio, con esto le ha permitido seguir trabajando para proveer lo necesario a su familia.
Previous Loan DetailsMaría lives with her family. She is a single mother of two daughters, aged 15 and 6. She works selling clothing. She set up this business on her own initiative to support her children. She is requesting a loan to buy blouses, skirts and men's and women's underwear. This will help her improve… More from Maria Lucia'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:
- 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.