Update on Maira EstelaMaria is applying for a new loan because she wants to buy two pigs to butcher. She will also buy 8 sacks of corn. This is what she needs now to run her business.
She states that the previous loan helped her to increase her sales, as much from tortillas as from the pigs for butchering, and to have more income, and she succeeded in covering the household necessities. She is thankful that she was given the financing and hopes to continue being a [loan] customer.
Ella manifiesta que el préstamo anterior le ayudo a incrementar las ventas tanto de las tortillas como en los cerdos para el destazo, tener más ingresos, que ha logrado cubrir las necesidades del hogar, esta agradecida por darle el financiamiento y espera seguir siendo cliente.
Previous Loan DetailsMaira lives with her husband and three children who are 21, 19 and 17 years of age. She butchers pigs and cattle as well as sells tortillas. The business arose through her mother who started the business 15 years ago. She learned it as an alternative way to earn family income. She’s asking ... More from Maira Estela'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
- Nov 13, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Aug 18, 2015
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.