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Vicenta

Update on Vicenta

Vicenta has decided to take out a new loan for the upcoming back-to-school season. She would also like to install electricity in her house. For her business, she will buy meat, soft drinks, snacks, herbs and spices and bread so that she can make fast food for the students. She believes that her previous loan helped her to improve her business. Her profits increased and her family have improved their conditions as her children have completed another school year.
View original language description ↓
Vicenta, se ha decidido por un nuevo préstamo por la época escolar, además quiere instalar la energía al chalet, por eso solicita dicho préstamo que le ayude a cubrir este costo de instalación, los productos para el negocio que va a comprar son carnes, refrescos, boquitas, condimentos, pan, para elaborar comida rápida los estudiantes.
Ella considera que el préstamo anterior le ayudo para mejorar el negocio, las ganancias aumentaron y su familia está en mejores condiciones, ya que sus hijos han avanzado a otro año escolar.

Previous Loan Details

Doña vicenta is 39 years old and lives in San Isidro in the department of Morazán. She runs a small coffee stand. She has a husband and three daughters, ages 18, 15 and 8. Doña Vicente has been running her stand for 9 years out of her own home. She sells food, drinks, bread and other food item... More from Vicenta'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
  • 789
    View loans »
    El Salvador Loans Fundraising
  • $25,672,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Vicenta to buy meat, soft drinks, snacks, herbs and spices, and bread.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Feb 11, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 16, 2012
This photo was used before for a previous loan for Vicenta. It was first posted on Kiva on Feb, 2011. Learn More