Update on Maria ConcepcionMaría continues in her business, selling clothing, fruit, and vegetables. With the help of the previous loan, she was able to attract new customers and she was also able to create employment for her son in her business. Her family’s circumstances are better.
With the new loan that she is requesting, she will purchase clothing such as skirts, shirts, dresses, underwear for both sexes, socks, and other types of garments. With them, she can satisfy the tastes of her customers, and continue having income in order to move forward.
Con el nuevo crédito que está solicitando comprará ropa, faldas, camisas, vestidos, ropa interior para ambos sexos, calcetines, entre otro tipo de prendas con las que pueda satisfacer los gustos de sus clientes y seguir teniendo ingresos económicos para salir adelante.
Previous Loan DetailsMaría finds it necessary to request another loan to help her stock her business as quickly as possible. With the money she will buy a variety of fruits, vegetables, and new clothes in order to increase the options available to her clients and to take advantage of the Christmas festivities when sa... More from Maria Concepcion'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 23, 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.