Teresa De Jesus
Update on Teresa De JesusTeresa needs to take out a new loan because she needs more working capital. This will allow her to purchase compost, herbicides, insecticides, and pest-control to farm corn and beans.
With the previous loan, she was able to acquire agricultural supplies for farming. Her living conditions have improved because the business has allowed her to contribute to her children so they can continue studying as well as to the household expenses.
Con el crédito anterior, considera le permitió adquirir insumos agrícolas para el cultivo. Las condiciones de vida han mejorado, ya que le ha permitido aportar a sus hijos para que sigan estudiando y con la alimentación en el hogar.
Previous Loan DetailsTeresa lives with her husband and three children aged 17, 21 and 22. She is a housewife and her husband is a farmer. The whole family has been growing corn and beans for 15 years. Her husband and children take charge of the most complicated work in the planting process. Teresa is requesting... More from Teresa De Jesus'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
- Mar 16, 2013
- Mar 24, 2013
- 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.