Update on Rafaela AntoniaRafaela is requesting a new loan because she needs to invest more in her corn crop. Since the loans generate lots of income, she will be able to buy compost, herbicides, and insecticides, and pay for labor. The previous loan allowed her to increase her output and her earnings; she used these to feed her children. Her economic conditions have improved, the family circumstances remain the same, the family is the same, and they are all well.
El crédito anterior le permitió aumentar la producción y sus ingresos, estos los invirtió en la alimentación de sus hijos; las condiciones económicas han mejorado y las circunstancias familiares se mantienen, el grupo familiar es el mismo y están bien de salud.
Previous Loan DetailsRafaela lives with her four children. She works in agriculture for a living, growing corn with her children. She learned the process from her parents when she was young. Nowadays she does it with the help of her family, as this allows her to have staple grains for food. She needs to buy… More from Rafaela Antonia'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 15, 2013
- Apr 28, 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.