Update on HerminiaHerminia lives with her life partner, her daughter and her grandchildren in their own home. She makes and sells baby clothes which are comfortable, fresh and decorated with pretty embroidery, which gives them a unique and novel style. She has worked in this business for a number of years, gaining a great deal of experience which enables her to generate higher income. She sells her goods around the area as well as from her home and has built up a large clientele; people prefer her because she always has what they need at affordable prices, her goods are always of good quality and she gives excellent service. Herminia is committed and dedicated to her work, is always striving for what she wants and never thinks of giving up until she has achieved the success she deserves. Over the last few weeks her sales have increased and she wants to take advantage of this to make a new investment which will take her a step forward with her business. However, she does not have the capital to underpin this. This is why she is applying to INTEGRAL for a loan which will enable her to make bulk purchases of fabric and thread etc. Herminia has good payment references and is very responsible. She guarantees that she will be able to repay her debt and additionally trusts that it will make her household financially secure.
Previous Loan DetailsHerminia, at 51 years of age, lives with her life partner and her children in a community in the north of the country, very close to the capital. She has a seamstress shop where she produces all types of clothing, including skirts, shirts, dresses, and women's, men's, and children's clothing on d... More from Herminia's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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
- 21 months (Additional Information)
- Repayment Schedule
- Jan 19, 2013
- Feb 7, 2013
- Currency Exchange Loss:
- Aug 23, 2014
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.