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Patricia Carolina

Update on Patricia Carolina

Patricia decided to take out another loan because she wants to buy cashews because their price is better now and she’ll be able to have on-hand supply to stay in business. The previous loans helped her because she increased profits which led to better economic stability for her family.
View original language description ↓
Patricia, se decidió a tener otro crédito, porque quiere comprar semilla de marañón, ya que ahorita se pone a mejor precio y así lograra tener disponible para mantener su negocio. Los préstamos anteriores le ayudaron porque incrementaron sus ganancias, esto le permitió lograr mejor estabilidad económica a su familia.

Previous Loan Details

Patricia lives with her family - her parents and her 3 brothers. She is a single mother to a 3 year old and her parents help her out a lot. She sells cashews, which allows her to take care of her son. She is asking for a loan to buy cashew seeds, as this is her source of income and she wants to… More from Patricia Carolina's previous loan »

Additional Information

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

  • $4,900
    Average annual income
  • 443
    View loans »
    El Salvador Loans Fundraising
  • $22,757,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $200 helped Patricia Carolina to buy cashews.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Nov 8, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012
This photo was used before for a previous loan for Patricia Carolina. It was first posted on Kiva on Jul, 2011. Learn More