Update on Dora ElizabethDora has decided to make a new investment into her business now that the Christmas season is approaching and this is when her sales increase. She will use some of the money to buy cheese, fried pork rinds, cabbage, drinks, meats, and rice and will use the rest to paint her stall to provide a better image for her business. She attracted new customers with the previous loan and her earnings increased. She used them to pay back the loan and provide a better quality of life to her family.
Con el crédito anterior su negocio creció, atrajo a nuevos clientes, sus ganancias aumentaron y las invirtió en cancelar sus deudas y mejorar la calidad de vida de su familia.
Previous Loan DetailsDora is requesting a new loan to build a stall for her business. This would be very helpful to her to be able to purchase the necessary materials and invest in the products she sells. This will help give her business a better image and therefore create more demand from her clients and satisfy her… More from Dora 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.
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About El Salvador
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This loan has been fully funded!
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Nov 6, 2013
- Nov 29, 2013
- Currency Exchange Loss:
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.