Update on Maria FelicitaMaría is requesting a new loan for her business. She plans to buy a quintal of sugar, soap, and detergents to restock her store. She will buy these items wholesale in order to obtain a greater profit margin.
With the previous loan she was able to invest in her business, earn more profit and pay back the loan on time. The income facilitated by the loan has allowed her to improve her situation and keep the family together.
Con el préstamo anterior logro invertir en el negocio y le dio mejores ganancias, pagando puntual el crédito, sus núcleo familiar se mantiene, los ingresos a través del préstamo ha mejorado su situación familiar.
Previous Loan DetailsMaría is 56 years of age. She lives with her husband and nephew, age 13. She has a grocery business. The business arose due to the need that she had in her home. She tends it from 6:00am to 7:00pm. Thanks to this business she has managed to maintain her home and help her family. She request... More from Maria Felicita'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
- Apr 13, 2012
- May 18, 2012
- Currency Exchange Loss:
- May 17, 2013
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.