Update on Deysi AracelyDeysi is requesting a new loan because she needs to strengthen her tortilla business, which is a favorable source of income. This will enable her to buy corn for making tortillas. She will also acquire pigs, parakeets, chickens, and the necessary feed for these animals.
Her previous loan helped to improve her earnings. She was able to provide essential feed for her animals before selling them. Her family’s circumstances and financial condition have improved. As a result, her children were able to continue their studies.
El crédito anterior le permitió mejorar las ganancias, logro darle la alimentación primordial a los animales para luego venderlos. Las circunstancias familiares han mejorado y las condiciones económicas, ya que sus hijos han logrado seguir estudiando.
Previous Loan DetailsDeysi sells tortillas and pancakes. She is a single mother and lives with her three children. The ages of her children are 15,10 and 7, and they depend on her financially. She has several years of experience in the business, and does it every day. She is applying for a loan to buy corn for ... More from Deysi Aracely'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 11, 2013
- Apr 23, 2013
- Currency Exchange Loss:
- Mar 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.