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Rosa Del Carmen

Update on Rosa Del Carmen

Rosa has decided upon a new loan because she needs more capital to invest in the business. She will buy the sewing materials that she needs. She will buy things like fabric, thread, and zippers to make the garments and then sell them.

She says that she managed to improve her business with the previous loan. With the earnings she covered the household necessities, made her payments, and kept everything stable without any major concerns.
View original language description ↓
Rosa, se ha decidido por un nuevo préstamo, porque necesita más capital para invertir en el negocio, comprándose los materiales necesarios para costura como tela, hilos, ciper, para la fabricación de prendas de vestir para ponerlas a la venta.
Ella manifiesta que con el préstamo anterior logro mejorar el negocio, con las ganancias cubrió sus necesidades en el hogar y el pago de las cuotas, todo se mantenido estable, sin mayores relevancias.

Previous Loan Details

Rosa is 60 years old and she lives in San Miguel. She lives with her husband. She has a tailoring shop. This business was started under her own initiative six years ago. She learned to make articles of clothing from a tailoring academy. She works every day from 7am to 6pm. She requests a loan... More from Rosa Del Carmen'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
  • 807
    View loans »
    El Salvador Loans Fundraising
  • $25,672,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Rosa Del Carmen to buy fabric, thread, zippers, and other sewing accessories.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
May 6, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Rosa Del Carmen. It was first posted on Kiva on Apr, 2011. Learn More