Update on Ana GladysAna is requesting another loan because she needs to invest more in her business selling pupusas, a traditional El Salvadorian thick corn tortilla, and soft drinks. With this loan, she will be able to buy oil, cheese, meat and other ingredients.
Her previous loan enabled her to boost her profits and she used these to pay household expenses. The circumstances of her family have improved, as has their economic situation, because Ana was able to strengthen her business with the loan from Kiva.
El crédito anterior le ayudo a incrementar sus utilidades y las invirtió en los gastos del hogar. Las circunstancias familiares han mejorado, asimismo las condiciones económicas, ya que logro fortalecer su negocio con el préstamo otorgado por Kiva.
Previous Loan DetailsAna, 37, has three children who are 6, 9 and 15 years of age. She’s the only one who works to support her home since she’s a single mother. She lives with her parents and manages a store at a school that sells food items like snacks, cookies, candy, bonbons; she’s been in business seven years and… More from Ana Gladys'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
- 17 months (Additional Information)
- Repayment Schedule
- Apr 12, 2013
- Apr 23, 2013
- Currency Exchange Loss:
- Jan 18, 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.