Update on Dolores ArmidaDolores has opted to apply for a new loan because she is in need of more working capital. This investment will help her to buy fruits and vegetables, such as tomatoes, cabbage, green beans, chipilin leaves, onions, carrots, potatoes, grapes, and apples, among others.
Her previous loan had a positive effect, because she always keeps her business stocked and her sales have improved. Her family circumstances are the same. She would like to buy a pick-up truck to make trips, thereby obtaining a higher income. She would also like to expand her home.
El efecto del crédito anterior fue positivo, ya que siempre mantiene surtido el negocio por lo que sus ventas han mejorado, las circunstancias familiares se mantienen. Ella, desea adquirir un pick up para hacer viajes y así obtener mejores ingresos, asimismo ampliar su vivienda.
Previous Loan DetailsDolores decided on a new loan so she can continue with her business selling fruits and vegetables. She plans to purchase tomatoes, onions, potatoes, carrots, radishes and avocados, which will give her more opportunities to make her sales. Her previous loan had a positive effect on her business and… More from Dolores Armida'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
- Jul 16, 2013
- Aug 1, 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.