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Arely

Update on Arely

Arely is requesting a new loan to buy corn, firewood and beverages. This will help her to have the supplies she needs for her business so that she can meet the demand of her customers. She expects to have a good experience with this new loan.

Arely says that she has had a good result with her previous loan; she was able to generate more income to support her family, and this has improved her family's financial situation.
View original language description ↓
Arely, está solicitando un nuevo préstamo para la compra de maíz, leña, bebidas refrescantes, pues esto le ayuda a mantener lo necesario en el negocio para poder atender la demanda de los clientes, esperando que sea una buena experiencia este nuevo financiamiento.
Ella manifiesta haber tenido un efecto positivo con el préstamo anterior, pues genero mayores ingresos para el sustento familiar, ha mejorado la situación económica de la familia.

Previous Loan Details

Arely is a 45-year old woman who resides in the city of San Miguel. She lives with her three children, ages 22, 17 and 15, who are financially dependent on her. For her part, she dedicates herself to selling tortillas, firewood, and beverages. She has been in business for 15 years, working fro... More from Arely'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
  • 557
    View loans »
    El Salvador Loans Fundraising
  • $23,496,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Arely to buy corn, firewood and beverages.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Arely. It was first posted on Kiva on Apr, 2011. Learn More