Update on JuliaJulia is asking for a new loan so that she can continue to grow her business. Her previous loan allowed her to buy three hundred kilos of middling (coarsely ground wheat mixed with bran) for her pigs and also concentrate (food pellets) for her cows. This increases her productivity.
That last loan generated more earnings for her and these earnings helped her to care for all of her animals. She did not have to sell any in order to cover her costs. Her economic conditions have improved and she is able to provide a better quality of life for her children by providing them with food and an education.
El crédito anterior le genero ganancias y debido a esta inversión le ayudo a mantener todos los animales sin tener que venderlos para cubrir la demanda. Las condiciones económicas han mejorado y con ello ha logrado darle una mejor calidad de vida a sus hijos, alimentación y educación.
Previous Loan DetailsJulia raises cattle, pigs and poultry. She lives with her family, her husband and seven children. She attends to her house duties from early morning, and tends the farm. This works helps Julia to keep herself busy and to earn money by the sale of the animals. She is asking for a loan in order to… More from Julia'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 23, 2013
- Mar 27, 2013
- Currency Exchange Loss:
- Mar 17, 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.