Update on Vanessa RaquelVanessa has requested a new loan as she needs to continue investing in her business. This loan will help her to buy corncobs, flour, chicken, oil, firewood and leaves, as she needs these to produce what she sells.
Her prior loan allowed her to increase her sales and improve her business income. Her financial position and the situation of her family remain as they were for her prior loan.
El crédito anterior le permitió incrementar las ventas y mejorar sus ingresos en el negocio. Las condiciones económicas y familiares se mantienen.
Previous Loan DetailsVanessa is 26 years old. She lives with her husband, age 35. They have two children who are 5 and 7 years old and who are in school. Vanessa works selling atol [a corn-based drink] and tamales. She has been in this business for two years, and she learned it from her mother. Currently, she is ... More from Vanessa Raquel'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 8, 2013
- Mar 22, 2013
- Currency Exchange Loss:
- May 18, 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.