Update on Maria YanethMaría needs to opt for a new loan because of the ease of payment the institution provides and because of the profit obtained; this investment will be useful to her for buying raw materials, such as corn, lime, gas, oil, sweet corn, and sugar, among other items.
María says that the previous loan helped her to move forward with her debts and has been a great opportunity for the business to grow. The economic conditions and family circumstances have improved.
Cuenta la Sra. María que el crédito anterior le ayudo a salir adelante con sus deudas y lo cual ha sido de mucha oportunidad para que el negocio crezca. Las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsMaría lives with her two children, in her own house. She works selling tamales and tortillas. The business has existed for 5 years. She sells in the town market every day of the week. Currently she is asking for a loan in order to buy wood, corn, lime and other items. With these supplies she… More from Maria Yaneth'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.
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About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Aug 15, 2013
- Aug 25, 2013
- Currency Exchange Loss:
- Aug 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.