Update on Dinora CeciliaDinora wants to invest in the new sowing process – renting land which she can prepare for vegetable sowing. For this she will also have to buy fertilizers and seed, and she wants to take the opportunity to buy queso fresco [fresh cheese] to sell.
The previous loan had a positive effect. She managed to get profits from the business. With these profits she started a new business selling cheese.
Ella tuvo un efecto positivo con el préstamo anterior , logro tener ganancias del negocio, con estas ganancias a iniciado un nuevo negocio que es la venta de queso.
Previous Loan DetailsDinora is asking for a new loan because she will start a pumpkin crop and needs to buy the necessary supplies like manure and herbicide to protect the crops. The effect of the previous loan was positive. It helped her with money to buy the materials and increase her harvest’s fertility. This... More from Dinora Cecilia'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 27, 2013
- Currency Exchange Loss:
- Dec 17, 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.