Update on Juana ElizabethJuana requires a new loan because she needs more working capital to continue with the sale of personal use products and seafood and thus obtain better earnings. This investment will help her to buy powders, deodorants, lotions, creams, and also fish, shrimp and other items.
Juana says that the previous loan helped in her a favorable manner, because she was able to establish her seafood sales business well and expand sales. Her wish is to have her own store, to add other types of products and to generate more income.
Cuenta la Sra. Juana que el crédito anterior le ayudo de manera favorable, porque logro establecer bien su negocio de venta de mariscos y ampliar las ventas. Su deseo es tener su propio local, agregar otro tipo de productos y generar más ingresos.
Previous Loan DetailsJuana is asking for a new loan. On this occasion it will be used to purchase seafood in order to supply her business. She will make periodic purchases and will purchase fish, shrimp and also will purchase products from magazines in order to maintain her cosmetics business and be able to offer m... More from Juana Elizabeth'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 18, 2013
- Currency Exchange Loss:
- Feb 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.