Update on Maria MagdalenaMaría finds the need to ask for another loan to start sowing basic grains and to look after the crops. This loan will help her to buy the right agricultural supplies such as manure, poisons and fertilisers and other items.
The previous loan helped her to increase her productivity and her income, which she used to buy basic foodstuffs for her household. Her economic situation has improved because she improved her production and got a better income. This supports her family.
El crédito anterior le ayudo a incrementar la productividad y sus ingresos económicos, estos los invierte en la compra de alimentos básicos para el hogar. Las condiciones económicas han mejorado porque fortaleció el cultivo y obtuvo ingresos favorables; su grupo familiar se mantiene el mismo.
Previous Loan DetailsMaría is 56 years old, she lives in a house of her own, together with her four children who are of legal age and help her work the lands, sowing corn and raising cattle; activities which support the family. She is requesting a loan to buy fertilizer and herbicides, and also to pay for labor, to s... More from Maria Magdalena'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
- Aug 8, 2013
- Aug 23, 2013
- Currency Exchange Loss:
- Aug 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.