Update on Milagro IsabelMilagro needs to invest in her basic grain production which is why she’s asking for a new loan to be able to buy manure and pay labor costs; she will also buy leaf fertilizers which will make it possible for Milagro to have a good crop. She comments that her previous loan resulted in a significant increase in profits from her sales; she’s bought clothes, food and medicine for her family. Her economic condition is better and she’s able to help her children go to school.
Comenta que el préstamo anterior significo para ella un aumento en sus ganancias provenientes de las ventas, ha comprado ropa, alimentación y medicinas a su familia, su condición económica está mejor, ayuda a sus hijos a que estudien.
Previous Loan DetailsMilagro is requesting a new loan to invest in the cultivation of squash and corn. She needs to purchase the necessary supplies such as compost, herbicides and foliar fertilizers, which help her prevent pest infestations during crop development. She decided on this loan because of the result s... More from Milagro Isabel'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
- Oct 24, 2012
- Nov 20, 2012
- Currency Exchange Loss:
- Oct 17, 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.