Deborah De Samarie 1, 2, 4 & 5 Group
Update on Deborah De Samarie 1, 2, 4 & 5 GroupErno managed his business selling various products during the past 4 years. He would like to use this loan to invest in his business. He is going to buy various products such as shoes, clothing and cosmetic products.
Erno has had good sales. This is request for another loan to grow his inventory with other members of Deborah de Samarie. He plans to continue to grow his business and to add more products.
Erno a eu de bonnes ventes. cette demande pour un autre financement pour accroître son inventaire avec d'autres membres du Deborah de Samarie. Il s'attend entreprise de continuer à faire croître leur entreprise et en ajoutant plus de produits.
Previous Loan DetailsErno is the coordinator of the "Deborah de Samarie 1, 2, 4 & 5" group. He lives in Haïti's CAP-H region, where electricity is rare and water supplies are very limited. Erno has run a business selling various products for 3 years. He would like to use this loan to restock on items like shoes,… More from Deborah De Samarie 1, 2, 4 & 5 Group'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.
This is a Group Loan
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Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Jan 22, 2013
- Jan 28, 2013
- Currency Exchange Loss:
- Jul 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.