Update on Maria AntoniaMaria wants to opt for a new loan because it is a good economic resource for work and to earn income.
This will allow her to buy medium sized hogs to grow and fatten up to then sell the meat. She will also buy poultry such as hens and chickens.
The previous loan has helped her profits and with this she has kept investing in the business and has been able to maintain the household expenses.
Her economic situation has improved since income has increased and the family circumstances have improved as well.
El crédito anterior le ha ayudado a obtener muchas ganancias y con ello ha continuado invirtiendo en el negocio y ha logrado abastecer los gastos del hogar; las condiciones económicas han mejorado, ya que los ingresos han aumentado y las circunstancias familiares se han optimizado.
Previous Loan DetailsMaría lives with her husband and two children, ages 6 and 16, both of whom are economically dependent on their parents. María spends her time on domestic and agricultural work, working with her husband to raise hogs and poultry. She works from six in the morning until four in the afternoon, as the… More from Maria 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
- May 24, 2013
- May 31, 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.