Update on Maria OliviaMaría’s asking for a new loan because she wants to strengthen her business. She will buy natural and chemical medicines like vitamins, skin creams, analgesics and other varieties that will allow her to improve the business.
Her previous loan had a positive effect in that she bought merchandise and stocked the business leading to greater sales. She made her payments and covered household expenses. She’s grateful for the financing because it helps her improve her living conditions and her economic conditions.
Con el préstamo anterior tuvo un efecto positivo, ya que compro mercadería y surtió el negocio, con ellos vendió más, pago las cuotas y cubrió los gastos del hogar, agradece por el financiamiento pues la ayuda a mejorar las condiciones de vida y económicas.
Previous Loan DetailsMaría sells natural pharmaceuticals and is responsible for her home, where she lives with two sons, the older of which already works with her. She is a single mother and so she works as a mobile vendor of natural pharmaceuticals and cosmetics. She already has several years of experience in this and… More from Maria Olivia'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
- Jan 29, 2013
- Feb 6, 2013
- Currency Exchange Loss:
- Dec 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.