Update on Blanca SoniaBlanca sees loans as a very useful tool to invest in her business. She needs to buy corn, firewood, bags, and paper. She hopes to have the same results from her previous loan, including improved service, more customers, increased sales, and better income. She is glad she can count on having a more stable business, which continues to provide her with income to pay for her children's educations and provide them with better nutrition. They are all very healthy and keep working together to keep the business going.
Se siente satisfecha por poder contar con un negocio más estable, que le siga dando ingresos para pagar los estudios de sus hijos, darles mejor alimentación. Todos están muy saludables y siguen cooperándole para que el negocio siga activo.
Previous Loan DetailsBlanca sells tortillas. She lives with her two children aged 15 and 18. She has had the business for more than 10 years, which she does every day, and which has supported her family. She is requesting a loan for the purchase of materials necessary to make tortillas, such as corn at wholesale,… More from Blanca Sonia'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
- 10 months (Additional Information)
- Repayment Schedule
- Oct 22, 2013
- Nov 23, 2013
- Currency Exchange Loss:
- May 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.