Update on Rosa VilmaRosa decided to request a new loan in order to buy more merchandise for her business. Having inventory will allow her to provide better service to her customers. The loan she is requesting will be used to buy rice, beans, oil, sodas, soft drinks, and snack foods. This will help her to provide better conditions for her family.
Rosa says that working with loans has enabled her to grow and have a wider variety of products. Her family’s circumstances have improved since they are able to live with more income.
Ella manifiesta que trabajar con préstamos, le permite crecer y tener más variedad de productos, sus circunstancias familiares han mejorado, viviendo con mejores ingresos.
Previous Loan DetailsRosa is asking for this loan, as she feels it is necessary to increase the inventory of her business. She will purchase items such as sugar, oil, rice and beans that she will use to provide a greater variety of products for her customers. This will allow her to improve her sales. With the last l... More from Rosa Vilma'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
- Jan 12, 2013
- Feb 5, 2013
- Currency Exchange Loss:
- Sep 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.