Update on MirtalaMirtala continues working to expand her business. At this time, she will purchase meat, oil, tortillas, and gas as well as repair the vehicle she uses to sell tacos. With the previous loan, she raised the funds needed to purchase a car and go out selling tacos in her neighborhood. Her finances have greatly improved and her sales have increased. She has taught the trade to her husband and she feels very healthy and very positive about continuing to work.
Ha enseñado su oficio a su esposo, se encuentra muy saludable y con mucho positivismo para seguir trabajando.
Previous Loan DetailsMirtala lives with her two children and her spouse. One of her children helps her sell tacos in the afternoon in her car. When he leaves to study, Mirtala sells domestic products in a store she runs in her house. She has sold fried potatoes, bread, and tacos for several years. She makes the… More from Mirtala'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
- Oct 9, 2013
- Nov 7, 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.