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Fredisminda

Update on Fredisminda

Fredisminda has decided to apply for a new loan to buy herself a refrigerator, since it is a great need. She will also buy basic ingredients to make her chicken sandwiches with vegetables: seasonings, vegetables, plastic for wrapping, and beverages. All this will be to improve her business and above all to serve her customers. She feels that she has made progress since her first loan, since it (the loan) is a support for her business which benefits everyone in the family.
View original language description ↓
Fredisminda, se ha decidido a solicitar un nuevo préstamo para comprarse una refrigeradora, ya que es de mucha necesidad, tambien comprara materia prima para hacer los panes con pollo, condimentos, verduras, plásticos para empacarlos, bebidas, todo esto será para mejorar el negocio y sobre todo el servicio a los clientes. Ella considera que ha evolucionado desde su primer préstamo, ya que es un apoyo para el negocio del cual se benefician todos en la familia.

Previous Loan Details

Fredisminda lives with her husband and two children. She engages in selling panes con pollo*, an activity she started many years ago. She sells panes con pollo every evening and she is currently requesting a loan to buy drinks, bread and chicken to prepare her sales. This loan will help her gett... More from Fredisminda'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
  • 760
    View loans »
    El Salvador Loans Fundraising
  • $26,201,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Fredisminda to buy seasonings, vegetables, plastic for wrapping, beverages, and a refrigerator.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2012
Listed
Feb 9, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012
This photo was used before for a previous loan for Fredisminda. It was first posted on Kiva on Aug, 2011. Learn More