Update on Maria EsperanzaMaría decided to request another loan because she needed to improve her income. The money will be invested in the purchase of tomatoes, onions, potatoes, fruit, cucumbers, and other types of produce.
Her previous loan helped her acquire more inventory. As a result, she generated more profit and strengthened her business. Her financial situation has improved and the condition of her family has stayed the same.
El dinero lo invertirá en la compra de tomates, cebollas, papas, frutas, pepino, etc. El crédito anterior le ayudo a poseer un mayor inventario, obtener más ingresos y fortalecer más el negocio. Sus condiciones económicas han mejorado su condición familiar se mantiene igual.
Previous Loan DetailsMaría sells fruit and vegetables. She works from Monday to Saturday, in the mornings, and travels to a number of different districts. She lives with two of her children who work and help her financially with the household expenses. María is requesting a loan to buy a variety of fresh fruit… More from Maria Esperanza'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 20, 2012
- Jan 4, 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.