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Francisca

Update on Francisca

Francisca is asking for a new loan because she’s making the legal arrangements to register title to her property and will use the money to pay for the legal steps to put the property in her name.

She used the previous loan for the business and it’s made it possible for her to continue producing to date and winning over more customers. She also feels that she’s improving thanks to these loans.
View original language description ↓
Francisca solicita un nuevo préstamo ya que se encuentra en los tramites de legalizar el lugar donde reside y utilizara el dinero para los trámites jurídicos para legalizar a su nombre la propiedad.
El préstamo anterior lo utilizo para el negocio y le ha permitido mantenerse hasta el momento produciendo y ganando más clientes también considera que se está superando a través de estos aportes.

Previous Loan Details

Francisca raises and sells pigs. She has been doing this for about 6 years. Aside from this job, she also does housecleaning in a hotel. She lives with her 23-year-old son. Currently she is asking for a loan to invest in the purchase of pigs. This purchase will be very important since it will i... More from Francisca'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About El Salvador

  • $4,900
    Average annual income
  • 699
    View loans »
    El Salvador Loans Fundraising
  • $25,086,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Francisca to pay legal fees to register her property.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 30, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 18, 2013
This photo was used before for a previous loan for Francisca. It was first posted on Kiva on Jun, 2011. Learn More