Update on Angel MariaÁngel is requesting a new loan to invest in the improvement of her business. She will buy products such as sodas and juices, but she will also acquire a few articles of clothing, such as shirts and blouses. This will strengthen her business and enable her to continue offering quality products.
The effect of her previous loan was positive. Having a good credit experience allowed her to improve her business and do a better job of managing it. At the moment, she has started the construction of her home and hopes to grow her business in order to help with the completion.
El efecto que tuvo con el préstamo anterior fue positivo y una gran experiencia crediticia que le han servido para mejorar y poder manejar mejor el negocio, actualmente se encuentra iniciando la construcción de su vivienda y espera que el crecimiento del negocio le ayude para poder terminar esta construcción.
Previous Loan DetailsAngel lives with her daughter and her grandchildren. Her daughter is 30 years old and her grandchildren are 6 and 3. For the last 15 years she has had a store in a villa located in the central park of the city. She sells staples, clothes and accessories. With the loan she will buy clothes, sh... More from Angel Maria'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
- 17 months (Additional Information)
- Repayment Schedule
- May 23, 2012
- Jun 15, 2012
- Currency Exchange Loss:
- Mar 19, 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.