Fatima Del Socorro
Update on Fatima Del SocorroFátima, 25, is from Granada. She’s the mother of one son and she’s a merchant by occupation. She sells groceries. Fátima is a Kiva client and she used her first loan to buy some bales of used and new clothes to offer her customers more variety. She hopes to grow in business and improve profits to have more income and be able to invest more in her grocery store.
She now needs a second loan that she’ll invest in clothes like the last time. All are products needed to stock her business’ inventory still more. She feels that this loan will be of great use to her because her sales will increase generating higher profits that she’ll reinvest in her business and use to do home improvements. Her future plan is to expand the business and that it generates higher income so she and her family can get ahead.
Ella ahora requiere de su segundo crédito al igual para invertir en la venta de ropa. Todos los productos necesarios para surtir aun más el inventario de su negocio. Ella estima que este préstamo le será de gran ayuda ya que aumentaran sus ventas generándole más ganancias que invertirá en su negocio y en la mejora de su vivienda. Sus planes futuros es ampliar su negocio,y que le genere mejores ingresos y salir adelante con su familia
Previous Loan DetailsFatima, 25, is originally from Granada and has a 9-month old baby. She makes her living selling used clothing and selling tortillas. Fatima started her business by buying clothes from stores using money her husband gave her and also money from her savings. She earned her savings making tortillas… More from Fatima Del Socorro'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.
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Success!! The loan was 100% repaid
- Repayment Term
- 11 months (Additional Information)
- Repayment Schedule
- Dec 24, 2012
- Jan 10, 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.