Update on MagdalenaMagdalena has decided to request a new loan because she would like to continue improving her business. She will do this by investing in concentrated feed and vitamins, and expanding her farm. This will help her to keep her hens in better conditions, with the medicines and feed they need.
Magdalena's previous loan had a positive effect. It allowed her to improve her farm and she made better income. Her family now live in better conditions than they did before.
Ella tuvo un efecto positivo con el préstamo anterior, le permitió mejorar la granja y ha tenido mejores ingresos, las condiciones en su familia han cambiado, viviendo mejor que antes.
Previous Loan DetailsMagdalena raises chicks and runs an eatery. She lives with her husband and two children. She started to run the businesses with support from her husband. She works at home and does not have a fixed work schedule. She is currently asking for a loan to buy chicks and feed concentrate for them... More from Magdalena'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
- 26 months (Additional Information)
- Repayment Schedule
- Apr 25, 2012
- May 28, 2012
- Currency Exchange Loss:
- Dec 15, 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.