Update on Rosa IsabelRosa needs a new loan in order to further invest in her clothing business. This will help her to have a variety of merchandise available for her customers. She will be able to buy both women's and children's clothing.
Rosa used her previous loan to add to her inventory and she improved her income because her sales increased. Her family's conditions have improved whilst maintaining financial stability.
Con el préstamo anterior incremento su inventario y aumentaron los ingresos ya que las ventas mejoraron. Las condiciones familiares han mejorado y las circunstancias económicas se mantienen.
Previous Loan DetailsRosa is 36 years old. She lives with her husband and her 15 year old son. Her husband and son work together as fishermen. Rosa sells women’s, men’s and children’s clothes. She works Monday to Saturday. She sells on some of the islands of the coastal region, and has been doing this for seven years.… More from Rosa Isabel'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 20, 2013
- Apr 11, 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.