Update on Maria CarmelaCarmela doesn’t have any supplies with which to make the different pieces of crockery and this has brought her to ask for a new loan to buy nacazcol, clay, firewood, and raw clay so she can deliver her orders on time.
The previous loan allowed her to increase her production and she made some different pieces. Her customers have increased and her sales and income have improved. Her family lives under better conditions and she has paid off the debt.
Con el préstamo anterior su producción aumento, elaboro otro tipo de piezas, sus clientes han aumentado, las ventas e ingresos han tenido una leve mejoría, su familia vive en mejores circunstancias y ha cancelado su deuda.
Previous Loan DetailsMaría makes and sells earthenware. She lives with her children ages 16, 12, 9, and 6 years old, of whom three are in school. She learned the trade from her mother and has been doing it independently for 18 years. Her schedule is from 6:00 AM until 5:00 PM. She will use the loan to buy clays and… More from Maria Carmela'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
- May 7, 2014
- May 25, 2014
- Currency Exchange Loss:
- Sep 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.