Update on Ana GilmaAna used her previous loan to invest in breeding pigs and selling clothes, which had higher earnings and will help to pay for this new one and to improve her family lifestyle. Her business has improved since she was able to start marketing her cattle. Her goal is to continue working and improving her family situation so she decided to ask for more capital to invest in the purchase of concentrates and vitamins for both pigs and cattle.
Con su aspiración de continuar trabajando y mejorando su situación familiar se decidió por solicitar más capital que invertirá en la compra de concentrados y vitaminas, tanto para cerdos como para ganado.
Previous Loan DetailsAna is applying for a loan that she will use to buy pigs for her animals sales business. She buys young pigs, fattens them and sells them for a profit. Ana used part of her last loan to buy pigs and animal feed and the rest to buy clothes for her clothing business. The investment helped her to… More from Ana Gilma'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
- 14 months (Additional Information)
- Repayment Schedule
- Jun 21, 2014
- Jul 13, 2014
- 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.