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Rosa Elena

Update on Rosa Elena

Rosa has decided on a new loan because she’s starting a new corn crop and will use it to pay labor costs and to buy manure and seeds so that she will be sure to start her work in the field. She feels that the previous loan helped to improve productivity of her crops and this also strengthened her condition and her family’s standard of living.
View original language description ↓
Rosa se decidió por un nuevo préstamo ya que está iniciando el cultivo de maíz y lo utilizara para pagar mano de obra y comprar el abono y la semilla, con esto tendrá la seguridad de iniciar su trabajo en la tierra.
Ella considera que el préstamo anterior mejoro la productividad de sus cultivos y esto también le ha fortalecido la condición y el nivel de vida de su familia.

Previous Loan Details

Rosa lives with her son and a niece. She is a widow and works as a farmer harvesting corn. This business started thanks to her husband, who carried out the labor and taught her the trade. She tends to the crops along with young workers whom she pays, and they don't have a fixed work schedule. She... More from Rosa Elena'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
  • 780
    View loans »
    El Salvador Loans Fundraising
  • $26,231,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Rosa Elena to pay labor costs and to buy manure and seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 30, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 16, 2012
This photo was used before for a previous loan for Rosa Elena. It was first posted on Kiva on Aug, 2011. Learn More