Update on Damaris EstherDamaris needs to take out another loan because she needs more working capital to continue investing in her business. The repayment format that the institution provides allows her to buy jewelry materials such as nylon, pearls, plastic, plated chains, necklaces, bracelets, rings, etc.
Damaris' previous loan made her more income because she managed to buy materials for her business and had more stock available which meant that she could meet her customer demand. Both her financial situation and her family situation have improved.
El efecto del crédito anterior le genero mayores ingresos, ya que logro adquirir material para el negocio y tener más inventario para poder cumplir con la demanda del cliente; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsDamaris is interested in continuing to work which is why she is requesting a loan to buy materials for making [costume] jewelry. She will buy stones, pendants, threads, plated chains, wire and everything else she needs to continue making necklaces, bracelets and rings. Damaris' previous loan… More from Damaris Esther'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 18, 2013
- Jun 27, 2013
- Currency Exchange Loss:
- Apr 16, 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.