Update on Jessica AlbertinaJessica is asking for a new loan because she needs to invest in her farming and because of the good service she gets from the institution. This will allow he to buy farming supplies such as compost, herbicides, insecticides, and pesticides.
The previous loan helped her increase production and she used her earnings to buy medicine for her sick son. Her financial and family circumstances have changed.
El crédito le ayudo a aumentar la producción, sus ganancias las invirtió en comprar medicamentos para un niño que se le enfermo; las condiciones económicas y las circunstancias familiares han cambiado.
Previous Loan DetailsJessica is 21 years old, has two children who are two and one years old, lives in her own home, and grows staple foods with her husband as a means of generating income and supporting the household. She has been in this line of work for four years. It is now vegetable-planting time, and so she ... More from Jessica Albertina'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
- May 15, 2013
- May 26, 2013
- Currency Exchange Loss:
- Jul 17, 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.