Update on Silvia YaniraSilvia is requesting a new loan because she needs to invest in the production of basic staples. This will help her buy compost, insecticides, herbicides, pesticides, as well as pay for labor in order to plant corn and beans.
Her previous loan enabled her to increase her earnings and expand the production of her crops. The profits she earned were used for the household expenses, which allowed her family to get ahead. Her financial condition improved thanks to the investment of the loan granted by Kiva.
El crédito anterior le permitió aumentar los ingresos, incrementar la producción del cultivo; las utilidades que obtiene las utiliza para los gastos del hogar para así sacar adelante a su familia. Las condiciones económicas crecieron gracias a la inversión que llevo a cabo con el crédito otorgado de Kiva.
Previous Loan DetailsSilvia is a 21-year-old married mother of a 7-month-old son. She and her husband own a home and work cultivating corn. They have been in this line of work for two years and have been able to get ahead because of it.
She will purchase five sacks of fertilizer, of which three will be sulphate ... More from Silvia Yanira'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
- Apr 4, 2013
- Apr 14, 2013
- Currency Exchange Loss:
- Oct 21, 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.