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Santos Elias

Update on Santos Elias

Santos is applying for a loan, part of which she will use to buy firewood and maize for her prepared food business and part for roofing to improve her house. The investments will allow her to continue her tortilla sales business and repair her roof.

She used a past loan to buy supplies that she needed for her tortilla business, an investment that allowed her to increase her earnings and better provide for her family.
View original language description ↓
Santos, está solicitando un nuevo préstamo para poderlo invertir en la compra de leña, maíz, también comprará láminas para el techo de su vivienda, con este préstamo espera solventar su situación en el negocio teniendo los materiales necesarios para seguir en la producción de tortillas, al mismo tiempo espera solventar la necesidad en el techo de su vivienda.

Con el préstamo anterior considera haber recibido la ayuda para la compra de los insumos que hasta el momento le han permitido mantener su negocio, produciendo las tortillas para los clientes, al mismo tiempo le ha generado ganancias para cubrir las necesidades de su familia.

Previous Loan Details

Doña Santos sells tortillas and tamales. She is 46 years old, a single mother, and lives with her 2 children in San Francisco Gotera in the Morazán department. She runs the tortilla business from 9am until 2 pm. At the moment she doesn't have funds to invest in the business and for this reason sh... More from Santos Elias'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
  • 813
    View loans »
    El Salvador Loans Fundraising
  • $25,698,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Santos Elias to pay for supplies for her food business and roofing for her house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 18, 2013