Update on Delmy IdaliaDelmy needs to take out a new loan because she needs more working capital to invest in her business. This investment will help her buy seafood like fish, sardines and shrimp and also to buy raw materials like string cheese, pork, condiments, etc. to make ‘pupusas’ [filled grilled corn cakes].
The last loan helped her to improve her economic conditions in that she managed to increase the products and her sales. She also added another line of work: selling pupusas and soft-drinks. Her family circumstances have also become optimized.
El crédito anterior le ayudo a mejorar sus condiciones económicas, ya que logro aumentar los productos y sus ventas, asimismo agrego otro tipo de rubro mas que es la venta de pupusas y refrescos, también las circunstancias familiares se han optimizado
Previous Loan DetailsDelmy works selling dried fish, sardines, and pupusas, a traditional dish of El Salvador. She is a homebody, she lives as a single mother together with her daughter and mother. She learned this business through her friends before starting her own business and experimenting with a variety of produ... More from Delmy Idalia'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
- Jul 19, 2013
- Aug 14, 2013
- Currency Exchange Loss:
- Mar 17, 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.