Update on Rosa EugeniaRosa is requesting a new loan because she needs to invest in her business and because of the attention she gets from the institution. This one will make it possible for her to buy meat, cabbage, tomatoes, carrots, oil and string cheese, among others.
The previous loan helped her to increase her clientele. She invests her profits in the strengthening of her business and to cover her home’s basic expenses. Her economic conditions and family circumstances have improved thanks to the loan granted by Kiva.
El crédito anterior le ayudo a incrementar la clientela, sus ganancias las invierte en fortalecer el negocio y los gastos básicos del hogar; las condiciones económicas y las circunstancias familiares han mejorado gracias al crédito otorgado por Kiva.
Previous Loan DetailsRosa, 22, is a single woman. She sells pupusas [thick, stuffed tortillas] and other types of food. She has had this business for two years now; she inherited it from her parents. With this business, she helps them. She would like to get a loan to buy meat, chicken, oil and vegetables, necessary… More from Rosa Eugenia'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
- May 13, 2013
- May 24, 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.