Update on Erika LissetteErika is requesting another loan in order to stock her store. She will buy a variety of products that she needs to improve her business. She will buy snacks, cookies, sodas, candy, and other necessary items in order to generate more sales.
With her previous loan, Erika increased her earnings and earned more business. Her hard work paid of and she was able to buy a vehicle.
Con el préstamo anterior, Erika comenta que las ganancias han mejorado, ya que su clientela le ha demandado, ha adquirido en este periodo un vehículo, producto de su trabajo y esfuerzo.
Previous Loan DetailsErika works tending to her store and selling pupusas [filled, grilled corncakes] and she’s also an employee; she has varied sources of income. Her business is home-based and her family cooperates in providing customer service. She’s the mother of a son who lives with her. She is currently ... More from Erika Lissette'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
769View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jan 9, 2013
- Jan 15, 2013
- Currency Exchange Loss:
- Apr 19, 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.