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Santiaga

Update on Santiaga

Santiaga found with her previous loan several advantages and opportunities to improve. She decided for her new loan to buy 8 quintals of corn to strengthen her store where she sells tortillas. Each quintal costs $20.00; she would also purchase other supplies that she does not have. This would help her to get all of the supplies that are needed in order to continue selling tortillas.

The effect that the previous loan had was increasing the production of tortillas as well as the eatery, generating better earnings. With this she now enjoys better conditions for her family, thus improving her everyday life.
View original language description ↓
Santiaga, se decidió por un nuevo préstamo, ya que con el anterior obtuvo varias ventajas y oportunidades de mejorar, se comprara con este fondo ocho quintales de maíz para fortalecer la tortillería, cada uno cuesta $20.00, tambien comprara otros materiales que le hagan falta, esto le ayudara a tener los materiales que se necesitan para continuar en la venta de tortillas.
El efecto que tuvo con el préstamo anterior fue incrementar la producción del comedor y las tortillas, generándole mejores ganancias, con esto ahora goza de mejores condiciones con su familia, mejorando su vida cotidiana.

Previous Loan Details

Santiaga lives with her children who are 18, 16, and 8 years old. The oldest works. For her part, Santiaga sells tortillas and runs an eatery. She begins the preparations for the business very early. Her difficulties are the high cost of certain products like gas which is very necessary for cooki... More from Santiaga'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
  • 561
    View loans »
    El Salvador Loans Fundraising
  • $23,948,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Santiaga to buy 8 quintals of corn to strengthen her store where she sells tortillas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2012
Listed
Jun 28, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 19, 2013
This photo was used before for a previous loan for Santiaga. It was first posted on Kiva on Dec, 2011. Learn More