Update on BenildaBenilda has decided on a new loan because she has adapted to the benefit to her income with the agricultural process. This time she will use the funds for the purchase of fertilizers, herbicides and seeds to carry out planting.
The effect that the previous loan had was very good as the harvest helped her to improve her income as well as the sale of tortillas. That is why she is encouraged to request a new loan. Her economic circumstances have changed due to the income in her family.
Con el préstamo anterior el efecto que tuvo fue muy bueno, ya que la cosecha le ayudo a mejorar los ingresos y asimismo la venta de tortillas, es por ello que se ha animado a solicitar un nuevo préstamo, sus condiciones económicas han cambiado, debido a los ingresos en su familia.
Previous Loan DetailsBenilda makes a living selling tortillas and growing corn. She lives with her family and is the single mother of two children, ages 22 and 25. She learned this work from her family. She works from 6 a.m. until 6 p.m. She uses the corn she grows to make tortillas. She's requesting a loan ... More from Benilda'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
790View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jun 8, 2013
- Jul 1, 2013
- Currency Exchange Loss:
- Nov 27, 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.