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Lucia Margarita

Update on Lucia Margarita

Lucia, is asking for a new loan, since she wants to continue working in her business, keeping it well-stocked with fresh vegetables such as carrots, chayote, potatoes, cabbage, tomatoes and others, which she needs to have available to offer to her customers. She considers the previous loan has been a big contribution for her, since it has allowed her to continue selling in the market up to now, by providing the financial resources needed to increase the inventory. She expects to have a good experience with the new loan as well.
View original language description ↓
Lucia, está solicitando un nuevo préstamo, ya que desea continuar trabajando en su negocio, manteniendo un negocio surtido de verduras frescas como zanahorias, güisquiles, papas, repollo, tomates, y otras en general que son necesarias para poder ofrecer a la clientela.
Ella considera que el préstamo anterior fue un gran aporte para ella, pues hasta el momento se ha mantenido con sus ventas en el mercado, pues le facilito los recursos económicos para crecer en el inventario, con la nueva deuda espera tener tambien una buena experiencia.

Previous Loan Details

Lucia lives with her grandparents, and has no family to care for except for them. She works selling vegetables and seafood, and she took over this business from her grandma. She has been in charge of the business for a year.

She is asking for a loan to buy vegetables and seafood: potatoes... More from Lucia Margarita'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
  • 568
    View loans »
    El Salvador Loans Fundraising
  • $23,920,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $350 helped Lucia Margarita to buy carrots, chayote, potatoes, cabbage and tomatoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 29, 2012
Listed
Jun 17, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Lucia Margarita. It was first posted on Kiva on Dec, 2011. Learn More