Marlene Del Carmen
Update on Marlene Del CarmenMarlene is requesting a new loan because the institution makes it so easy to repay loans. This loan will allow her to purchase corn, fuel, oil, rice, and other products for the sale of pupusas [a thick corn tortilla stuffed with cheese, fried pork rind, chicken, or refried beans].
Her previous loan allowed her to achieve higher sales because she had the base materials for making sales. Her family's circumstances have improved because her income has increased; their economic conditions have improved as well.
El crédito anterior le permitió generar mayores ventas porque contaba con la materia prima para realizar la venta. Las circunstancias familiares han mejorado porque los ingresos han incrementado; asimismo las condiciones economicas.
Previous Loan DetailsMarlene is requesting a new loan to continue to improve the business, because it is through the borrowed funds that she is expecting to make a big purchase to obtain the supplies at a better price. For example, corn and wood can be obtained at an even better price when they are purchased at whole... More from Marlene Del Carmen'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
- Apr 9, 2013
- May 11, 2013
- Currency Exchange Loss:
- Jan 18, 2014
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.