Update on Ana BeatrizAna wants to get a new loan with the intention of improving her inventory for this season, by buying a variety of sizes of footwear for men in different sizes and styles. She hopes that this will improve her sales during this season.
She says that the loan she accepted before had a positive effect on her business, improving her capacity to respond to demand, and with this help, her family's profits have seen growth.
Ella manifiesta que el préstamo financiado anteriormente, le dio un efecto positivo al negocio, mejorando la capacidad para atender la demanda, con esto sus ingresos familiares se han visto en mayor volumen.
Previous Loan DetailsAna sells shoes. She lives with her children, who are six and eight years old. She started selling shoes eight years ago. She started her business with help from her father. She is requesting a loan to purchase men’s and women’s tennis shoes, sandals, and formal shoes. The loan will help her to ... More from Ana Beatriz'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
- 20 months (Additional Information)
- Repayment Schedule
- Oct 26, 2012
- Nov 21, 2012
- Currency Exchange Loss:
- Jul 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.