Update on EvaEva wishes to apply for new loan through her institution because it provides her an easy method of payment and because she requires working capital, which she will use to purchase seafood. This acquisition will help her to purchase seafood such as fish, shrimp, prawns, and other items. Eva's previous loan helped her to increase her sales, and she now has greater income and a better quality of life for her family. Her economic conditions have improved.
Con el crédito anterior le ayudo a incrementar las ventas, posee mejores ingresos y una mejor calidad de vida a su familia. Las condiciones económicas han mejorado.
Previous Loan DetailsEva is requesting a loan to invest in the purchase of merchandise for her business. She plans to stock the store with products that customers demand daily: sugar, beans, rice, corn, and other needed products. She says that the previous loan enabled her business to be well-stocked and better abl... More from Eva'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
- Aug 13, 2013
- Aug 24, 2013
- Currency Exchange Loss:
- Mar 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.