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Mortila

Update on Mortila

Mortila has recently decided to apply for another loan, since she wants to continue to strengthen her business by purchasing basic consumer products, so that she can offer a greater variety to her customers. She will buy products such as: rice, beans, sugar, cooking oil, instant coffee and sausages. In this way, she will be able to keep her business stable.

Her previous loan was a big help to her, because she was able to stock up her store with new products, have more customers, and increase her income. Now her family has been able to get ahead.
View original language description ↓
Mortila, nuevamente se decidió a obtener préstamo, puesto que quiere seguir fortaleciendo su negocio y comprar productos de primera necesidad para ofrecerles variedad a sus clientes como: arroz, frijoles, azúcar, aceite, café instantáneo, embutidos, y de esa manera podrá siempre mantener su negocio estable.
El préstamo anterior le ayudo mucho porque pudo surtir su tienda con productos nuevos y a tener más clientes y los ingresos fueron mejores y por el momento su familia ha podido salir adelante.

Previous Loan Details

Mrs Mortila, age 61, lives in San Miguel, in the San Miguel department, with her husband and 14-year-old granddaughter. She has a store where she offers items for the home. She opened the store on her own 10 years ago. She and her husband attend to it from 5 am to 7 pm. This business is her famil... More from Mortila'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

  • $7,500
    Average annual income
  • 793
    View loans »
    El Salvador Loans Fundraising
  • $25,698,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Mortila to buy rice, beans, sugar, cooking oil, instant coffee and sausages.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Jan 6, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 19, 2013
This photo was used before for a previous loan for Mortila. It was first posted on Kiva on Jan, 2011. Learn More