Update on Nolvia EliseniNolvia needs to invest more in her business, so she is asking for a new loan that will allow her to buy flour, lard, sugar, and other things she needs to bake bread. This new loan will help her improve her availability of products and production.
The previous loan was a good experience for her. She made a good investment and it helped her improve production and sales. Her family financial situation is stable.
Con el préstamo anterior logro tener una buena experiencia, realizo una buena inversión que le ayudo a mejorar la producción y las ventas, su situación económica en la familia se mantiene en condiciones estables.
Previous Loan DetailsNolvia lives with her husband and 3 children, who are of the age of majority and who help her with the business. She administrates a bakery and an eating area, she has 10 years in the business. She works from Monday to Saturday and learned the business from her family. She’s requesting a loan to ... More from Nolvia Eliseni'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
- Sep 12, 2012
- Oct 8, 2012
- Currency Exchange Loss:
- Mar 26, 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.