Update on Patricia EsmeraldaPatricia is requesting a new loan with the aim of continuing to provide a good service to her customers, keeping her business stocked with the most essential merchandise. She also needs to buy shelves so that she can display her products more neatly and they can be seen by her customers.
With this loan, Patricia will manage to improve the appearance of her business and have the opportunity to increase her stock. She says that her previous loan was a good investment. It improved both her business situation and her family's financial situation.
Con este préstamo logrará mejorar la apariencia del negocio y tener la oportunidad de crecer en su inventario, manifiesta que con el préstamo anterior realizó una buena inversión que hasta el momento ha mejorado su situación en el negocio y su economía familiar.
Previous Loan DetailsPatricia has her own house and lives with her three children, who are studying. She runs a store where she sells convenience items such as snacks, sweets, oil, toilet paper, pasta, and other things of household use. She started this business seven years ago. She is requesting a loan to buy m... More from Patricia Esmeralda'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
- Jun 4, 2012
- Jun 27, 2012
- Currency Exchange Loss:
- Jul 18, 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.