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Margarita De Jesus

Update on Margarita De Jesus

Margarita 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.
View original language description ↓
Margarita, esta solicitando un nuevo préstamo con la intención de seguir trabajando y prosperando con su negocio de la venta de tortillas comprara maíz por quintales y leña una gran cantidad con el objetivo de tener lo necesario para seguir con sus ventas.
Con el préstamo anterior aumento sus utilidades generándole mayores ingresos a su familia y manteniendo lo necesario en el hogar.

Previous Loan Details

Margarita 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 »

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
  • 643
    View loans »
    El Salvador Loans Fundraising
  • $25,023,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Margarita De Jesus to buy corn by the quintal (46 kilos) and firewood.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2012
Listed
May 26, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Margarita De Jesus. It was first posted on Kiva on Aug, 2011. Learn More