Update on Karina JeannethKarina says that her business is growing. That is why she thinks it is neccesary to invest in a new loan that will allow her to buy products to make her food, such as meat, condiments, oil, vegetables, rice, and beans. These are the things she uses every day to make the different dishes for the cutsomers.
The previous loan helped her to improve the quality of the loan, keeping a variety of food for her customers' different tastes. She thinks that she has had positive changes and that her earnings are being maintained in order to cover her family's needs.
El préstamo anterior ayudó a mejorar su calidad en el negocio, manteniendo una mejor variedad de comida para los diferentes gustos de su clientela, considera que ha tenido variaciones positivas y que sus ganancias están manteniéndose para poder cubrir las necesidades en su familia.
Previous Loan DetailsKarina lives with her husband and her father. She has three children ages 18, 14 and 10. She runs a dining room which helps support her home. She began it two years ago, and she has it set up in a market. She is asking for a loan to purchase raw material for the business, like oil, condim... More from Karina Jeanneth'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
- 12 months (Additional Information)
- Repayment Schedule
- Jul 13, 2012
- Jul 24, 2012
- Currency Exchange Loss:
- Nov 16, 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.