Update on Juana MariaJuana is requesting a new loan because she requires capital for her business, making tamales and other prepared foods. This loan will help her buy materials and ingredients, such as: leaves, chicken, meat, oil, corn, condiments and firewood, among others.
A previous loan helped her to buy utensils and to improve her business. Her family situation has been stable and her income has risen. Her wish is to buy her own premises for her shop, expand into a different business line, and to build her own home. By doing so she hopes to improve the quality of life of her family.
El crédito anterior ayudo de manera positiva, ya que logro adquirir los artículos necesarios y fortalecer el negocio. Las circunstancias familiares se mantienen y sus ingresos han mejorado. Su deseo es adquirir su propio local, agregar otro tipo de rubro, asimismo construir su propia vivienda; ofrecerle una mejor calidad de vida a su familia.
Previous Loan DetailsJuana makes a living selling tamales. She is a woman of her home, and lives with her sister and a daughter. She has spent more than 20 years making a living in this business and she learned it on her own initiative. Today it helps her to be able to have an income and cover the necessities of he... More from Juana Maria'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
- 17 months (Additional Information)
- Repayment Schedule
- Jul 30, 2013
- Aug 23, 2013
- Currency Exchange Loss:
- Jan 18, 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.