Update on Virginia JeannetteVirginia requests a new loan because she needs to keep on investing in her business so she can serve her customers well. This loan will help her to purchase olive oil, flour, corn and propane gas, among other supplies.
The previous loan allowed her to have everything she needed in order to offer a wide variety of products to her customers. That way they feel satisfied. Her financial conditions have improved. Also, her family's situation has been better, since their living conditions are more stable than before.
El préstamo anterior le permitió tener todo lo necesario para ofrecerles variedad de mercadería a sus clientes y así ellos se sientan satisfechos. Las condiciones económicas han mejorado y las circunstancias familiares se han optimizado, ya que tienen una mejor estabilidad de vida que antes.
Previous Loan DetailsVirginia lives with her husband and three children. She runs a bakery and works together with her family, baking bread. She started this business with the support of her family. They work at home and do not work regular hours. Virginia is requesting a loan to buy flour, sugar, eggs, yeast and… More from Virginia Jeannette'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 8, 2013
- Apr 22, 2013
- Currency Exchange Loss:
- Feb 17, 2014
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.