Update on Ambar IsayanetAmbar is requesting a new loan to invest in her business by buying soft drinks, juices, grains, sweets, sugar, soap and detergent, as they are needed to increase variety in her store. With this investment, she can offer her clients more choices to satisfy their needs.
With her previous loan she was able to improve her business, which came from having a higher quality of products approved of by her clients. She has been able to maintain her family's living conditions. In the future, she hopes to own her own home and to further expand her store.
Con el préstamo anterior logró mejorar el negocio, ya que los surtio de una mayor calidad de productos que han tenido aceptación de los clientes, en su familia sus condiciones se han mantenido, a futuro siempre tiene el deseo de tener su propia casa y ampliar más la tienda.
Previous Loan DetailsÁmbar lives with her husband and son in a rental house. She has a business selling pupusas and also runs a small store. Her pupuseria is three months old but she has had her store for three years. Through these businesses, she supports herself and helps her husband cover their household expens... More from Ambar Isayanet'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
- Jul 4, 2012
- Jul 24, 2012
- Currency Exchange Loss:
- Sep 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.