Update on YeseniaYesenia has decided to take out another loan to buy corn that she will use for making tortillas. She needs to buy corn and also firewood. This will help her to improve the service she offers and increase production. The loan would also help Yesenia to make her purchases at a better price.
Yesenia had a very positive experience with her previous loan. She managed to make her sales and income more stable for sustaining the family and covering necessary costs.
Con el préstamo anterior ella tuvo una experiencia positiva, logro estabilizar sus ventas, sus ingresos son para la subsistencia de la familia, cubriendo lo más necesario.
Previous Loan DetailsYesenia sells tortillas and lives with her family, her three children, and her husband. Both her and her husband work to support the family. Yesenia has been working selling tortillas from 6am to 2pm since January 2012. She decided to start selling tortillas to have another source of income for her… More from Yesenia'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
- 11 months (Additional Information)
- Repayment Schedule
- Feb 14, 2013
- Mar 9, 2013
- Currency Exchange Loss:
- Jun 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.