Update on Ana ElizabetAna needs a new loan because she needs more working capital to continue investing in the business. This will allow her to buy the necessary raw materials such as corn, firewood, and gas to make tortillas.
The previous loan helped her to increase her earnings and strengthen her business; the financial conditions and family circumstances have improved.
El crédito anterior le ayudo a aumentar las ganancias y a fortalecer su actividad; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsAna has a business selling tortillas. She lives with her husband and two children, aged 22 and 26. She has been doing this work for 15 years, and she works every day from 5am until 4pm. She is requesting a loan to buy corn and firewood in bulk, so that she will be able to have these inputs… More from Ana Elizabet'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 15, 2013
- Jun 22, 2013
- Currency Exchange Loss:
- Jun 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.