Update on Wendy CarolinaWendy has decided to take out another loan which she will invest ni the Christmas season to have more income and to improve sales. The money will be to buy blouses, lotions, shirts, shirts, pants, and socks. With this investment, she will be offering new products to her customers.
She says that the previous loan has a big effect, since she improved her business and increased her sale and her income. She has been able to change some of her living conditions with the income by acquiring appliances.
Manifiesta que el crédito anterior tuvo efectos grandiosos, ya que mejoro su negocio aumentaron sus ventas y sus ingresos mejoraron, han cambiado algunas condiciones a través de los ingresos adquirió electrodomésticos.
Previous Loan DetailsWendy lives with her husband and daughter. She runs a beauty product and lotion business as a way to help her husband cover the household expenses, as well as to generate income to be able to cover other expenses. She is requesting this loan in order to be able to purchase different types of l... More from Wendy Carolina'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
- 17 months (Additional Information)
- Repayment Schedule
- Dec 20, 2012
- Jan 2, 2013
- Currency Exchange Loss:
- Jun 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.