Maria Del Carmen
Update on Maria Del CarmenMaría needs to ask for another loan in order to keep on investing in her cosmetics sale activity. The loan will help her buying lotions, creams and cosmetics among other products.
She used her previous loan to improve her activity, by increasing her sales and supplying her stock. She lives in the same household and her economic conditions have improved.
Con el crédito anterior mejoro el negocio, incrementaron las ventas y el inventario. Las circunstancias familiares se mantuvieron igual y sus condiciones económicas han mejorado.
Previous Loan DetailsMaria sells beauty products. She is currently a single mother, 45 years old, and lives with her two children, ages 18 and 21. For five years she has been fully engaged in selling beauty products. She learned this business from a family member, who taught her how to do the work. She tends to her… More from Maria Del Carmen'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 14, 2013
- Apr 10, 2013
- Currency Exchange Loss:
- Nov 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.