Update on Dolores SenaidaDolores is requesting a new loan because she needs to invest more in her corn plantations. She will pay for the land’s rent and will buy compost, herbicides, insecticides, pesticides and seeds.
The previous loan helped her to increase her stock and improve her income. Her family’s conditions have improved and her financial situation is stable.
El préstamo anterior le ayudo a incrementar sus inventarios y obtuvo mejores ingresos. Las circunstancias familiares han mejorado mientras que las condiciones económicas se mantienen.
Previous Loan DetailsDolores is 35 years old and currently separated from her husband. She has five children, two of whom are adults. They help her to sow her corn. Dolores learned this business from her parents. Dolores is requesting a loan to buy fertilizer and improved seed, and to prepare her soil. This pu... More from Dolores Senaida'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 17, 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.