Maria Del Carmen
Update on Maria Del CarmenMaria is applying for a new loan, which she will invest in the business. She will buy supplies needed for preparing meals, such as cooking oil, condiments, meats, and soft drinks.
She believes that the investment made with the previous loan has had a positive effect, and that it helped her improve her situation, both in her business and in her personal life.
Ella considera haber tenido un efecto positivo de la inversión realizada con el préstamo anterior, que le ayudo a mejorar su condición en el negocio y en su vida personal.
Previous Loan DetailsMaría lives with her husband and two children, ages 25 and 23. She sells light meals and has been in business for two years. Maria has two employees who help her and manage the business during those occasions when she goes out to sell on the street. She is requesting a loan to buy meats, ... 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.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jan 25, 2012
- Feb 11, 2012
- Currency Exchange Loss:
- Jun 16, 2012
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.