Maria Del Carmen
Update on Maria Del CarmenMaria will stock her business for the next holiday dates for which she needs capital to buy oil, bread, drinks, beans, coconuts, among other items. They will serve to improve her inventory and take advantage of sales increasing a little.
With the previous loan, she was able to expand the merchandise in her store which allowed her to increase her profits and improve her payment quality. Her family is now healthier and continues providing the support to get ahead together.
Con el crédito anterior pudo aumentar la mercadería de su tienda lo que le permitió aumentar sus utilidades y mejorar su calidad de pago, su familia se encuentra mus saludable y continúan brindándole el apoyo para salir adelante juntos.
Previous Loan DetailsMaría is a widow and she enjoys her three children who are 25, 38 and 45 years old. They all work and they help her get ahead. She works selling coconuts, and she has a store. She works at this activity every day from 8:00 a.m. to 4:00 p.m. The loan she needs will allow her to buy staple… More from Maria Del Carmen'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
- 12 months (Additional Information)
- Repayment Schedule
- Nov 28, 2013
- Dec 23, 2013
- Currency Exchange Loss:
- Jun 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.