Update on SofiaSofia is seeking a new loan since she wants and needs to keep strengthening her business. She also appreciates the support that this institution provides her business when she is in need of financial help.
This loan will enable her to buy sodas, juices, yogurt and other items related to the sale of drinks. With her previous loan she was able to obtain good income, and this was very helpful since it allowed her to support her granddaughter in her studies.
Con el crédito anterior obtuvo buenos ingresos y le fue de mucha ayuda ya que le aporto a su hija en los estudios.
Previous Loan DetailsSofía lives with her 72-year-old husband. They have a 35-year-old son. Sofía sells soft drinks. Her son helps her and her husband economically so that they can survive and get ahead. She has had this business for 15 years and she is the only one who works there every day of the week. This business… More from Sofia'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
- Mar 9, 2013
- Mar 22, 2013
- Currency Exchange Loss:
- Sep 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.