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Milagro De La Paz

Update on Milagro De La Paz

Milagro is asking for a loan to buy larger amounts of milk. This loan will help her have money needed to make periodic purchases and make products derived from milk like curd, cottage cheese and fresh cheeses. She believes that the previous loan helped her by giving her what was needed to make the business grow.
View original language description ↓
Milagro, solicita un préstamo para la compra de leche a mayor cantidad, este préstamo le ayudara para tener lo necesario tanto en dinero para poder realizar compras periódicas e ir elaborando los productos derivados de la leche, como cuajada, requesón, quesos frescos.
Ella considera que el préstamo anterior le ayudo dándole lo necesario para crecer en el negocio.

Previous Loan Details

Milagro is 25 years old and single. She lives with her parents and her two brothers, and she works in processing and selling dairy products. She has been in this business, which she learned from her mother, for four years. The way she works is to first buy milk from neighboring cattle, she is ... More from Milagro De La Paz'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
  • 774
    View loans »
    El Salvador Loans Fundraising
  • $25,574,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Milagro De La Paz to buy milk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Mar 31, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 18, 2013