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Ruth Maria

Update on Ruth Maria

Ruth is taking out a new loan to buy products for her business such as corn, oil, firewood and seasonings. This will strengthen her business. The new investment will help her to continue providing her customers with a good service and ensure that her sales levels do not fall.

Ruth's aspiration for these loans is, by managing the money responsibly, to continue working with the institution so that she can develop her business.
View original language description ↓
Ruth, está decidida por un nuevo préstamo, para comprar productos para el negocio, como maíz, aceite, leña, condimentos, para fortalecer el negocio, esta nueva inversión le ayudara para darle seguimiento a la buena atención a los clientes, con la intención de no bajar el nivel de ventas.
Su aspiración en torno a estos préstamos, es que administrando de manera responsable el dinero de los préstamos, continuara trabajando en la institución para el desarrollo de su negocio.

Previous Loan Details

Ruth lives with her family, two daughters who are 16 and 18 years old. She is dedicated to selling packed lunches. This business is profitable because nearby is a school where she offers her typical food dishes to students and teachers. She is requesting a loan for the purchase of merchandise for... More from Ruth Maria'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
  • 666
    View loans »
    El Salvador Loans Fundraising
  • $24,126,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Ruth Maria to buy corn, oil, firewood and seasonings.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2011
Listed
Dec 8, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012
This photo was used before for a previous loan for Ruth Maria. It was first posted on Kiva on Jul, 2011. Learn More