Update on Leydi YamilethLeydi uses the loans as a tool for strengthening her business. She was able to buy the supplies that she needed to make snacks to sell. With the help of her previous loan, she improved her financial situation and her family’s circumstances.
The capital she is requesting now is needed to buy corn, condiments, bags, cassava, cabbage, tomatoes, and other supplies. She will also buy concentrated feed for her chickens. Leydi can continue to maintain an active business and generate an income.
El capital que está solicitando lo necesita para comprar maíz, condimentos, bolsas, yuca, repollo, tomates, etc., y concentrado para las aves de corral, continuara manteniendo su negocio activo y generando recursos económicos.
Previous Loan DetailsLeydi is requesting a new loan because she needs to continue investing in her business. The loan will enable her to purchase raw materials, such as corn, sugar, oil, and bread flour, for making snacks. The previous loan helped her to increase her profits and have a more profitable business. Her… More from Leydi Yamileth'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
- 15 months (Additional Information)
- Repayment Schedule
- Jun 28, 2014
- Jul 21, 2014
- Currency Exchange Loss:
- Nov 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.