Update on Verónica SaraiVeronica needs to supply her business, and therefore is applying for a lona to buy corn, rice, sugar, oil, beans, coffee, cookies, and more. This will help her be able to increase her store’s inventory. Furthermore, it will give her more security to be able to meet her customers’ demand.
She says that with the previous loan she bought products to improve the offers for her customers, and that helped her generate more economic gains. She continues with her business and has been able to attain a good stability in her family with her parents’ contributions.
Ella manifiesta que con el préstamo anterior compro productos para mejorarles las ofertas a sus clientes y eso le ayudo a generar más ganancias económicas, ella sigue con su negocio y a logrado tener una buena estabilidad en su familia colaborando con sus padres.
Previous Loan DetailsVerónica lives with her parents and siblings. She is single and runs a store where she offers staple goods for her customers. She has had this business for two years and she started it on her own initiative. She is currently requesting a loan to buy rice, oil, beans and sugar to stock her stor... More from Verónica Sarai'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 21, 2012
- Oct 20, 2012
- Currency Exchange Loss:
- Feb 20, 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.