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Nelly Ernestina

Update on Nelly Ernestina

Nelly decided to get a new loan to invest in the business buying three more pigs to increase the herd size. This is a step forward for Nelly because having the pigs increases her opportunity for future profits.

The effect Nelly’s previous loan had was very favorable in that she bought pigs and enlarged the business. Her and her family’s living conditions are also changing; they are living better at present.
View original language description ↓
Nelly, se decidió por un nuevo préstamo, para invertir más en el negocio, comprándose tres cerdos más para aumentar la granja, esto es un avance para Nelly, pues la tenencia de cerdos le incrementa la oportunidad de obtener ganancias a futuro.
El efecto que tuvo Nelly con el préstamo anterior fue muy favorable, ya que invirtió en cerdos y creció en el negocio, las condiciones de vida de ella y su familia están cambiando, viviendo mejor en la actualidad.

Previous Loan Details

Nelly lives with her husband and two children. She has a pig farm which she began with the support of her husband, who always supports her projects. The farm is at her house. She doesn’t work on a fixed schedule.

Nelly is applying for this loan in order to purchase pigs and feed. This... More from Nelly Ernestina'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

  • $4,900
    Average annual income
  • 566
    View loans »
    El Salvador Loans Fundraising
  • $23,939,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Nelly Ernestina to buy three pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Nelly Ernestina. It was first posted on Kiva on Nov, 2011. Learn More