Update on Olga YaniraOlga needs a new loan because she requires greater working capital. This will allow her to buy shampoo, hair dye, creams, nail polish, lipstick, blush, foundation and other cosmetics.
Her previous loan helped her to expand her clientele and earnings at the same time. She invests her earnings in the education of her children. Her economic conditions and family life have improved.
El crédito anterior le ayudo a aumentar la clientela y sus ingresos asimismo, estos los invierte en la educación de sus hijos; las condiciones económicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsOlga has a beauty salon. She is 36 years old and lives in her own house with her life partner and their two children, who are 8 and 15 years old. She has had this business for 14 years. She works from Monday to Saturday from 8:00 a.m. to 6:00 p.m. She learned this trade on her own; it is how she ... More from Olga Yanira'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
- Jun 5, 2013
- Jun 14, 2013
- Currency Exchange Loss:
- Oct 17, 2013
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.