Margarita De Jesus
Update on Margarita De JesusMargarita is requesting this new loan with the goal of continuing her prosperous work of making and selling tortillas. She buys corn by the quintal (46 kilos) and a great quantity of wood with the objective of continuing her sales. With the last loan she bought more supplies, which provided her with a larger income to use for her family and for home maintenance.
Con el préstamo anterior aumento sus utilidades generándole mayores ingresos a su familia y manteniendo lo necesario en el hogar.
Previous Loan DetailsMargarita lives with her children, ages 3, 6 and 8. She makes and sells tortillas for a living, working every day, and sometimes prepares "meriendas" (afternoon snacks) for customers. She is in need of a loan to buy corn and firewood so she can meet demand or increase tortilla production. Sh... More from Margarita De Jesus's previous loan »
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
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Success!! The loan was 100% repaid
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Apr 19, 2012
- May 26, 2012
- Currency Exchange Loss:
- Jun 18, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.