Update on Maria JuanaMaría has decided to take out a new loan in order to strengthen her business by buying firewood and corn, which are the materials used to sell tortillas, in bulk. This will benefit her because buying wholesale means buying at lower prices and is thus an opportunity to increase her profits. She tells us that with her previous loan she was able to remain in business, since buying the materials she needed helped her immensely to keep making tortillas. Thanks to that, her family can have the basic necessities needed to survive.
Ella manifiesta que con el préstamo anterior a permanecido en el negocio, pues su compra de insumos le ayudo mucho para seguir con la elaboración de las tortillas, gracias a esto su familia cuenta con lo necesario para subsistir.
Previous Loan DetailsMaría earns a living selling tortillas and cosmetics. She lives with her two children and has her business in her own home. She sells the tortillas by morning and in the afternoons she goes out to visit the customers in their homes and sell them cosmetics by catalog. At the moment she needs t... More from Maria Juana'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
701View loans »
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Apr 26, 2012
- May 29, 2012
- Currency Exchange Loss:
- Jun 28, 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.