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Maria Virgilia

Update on Maria Virgilia

María requests a new loan to continue manufacturing hammocks and drapes. She’s decided on this loan because she believes it’s necessary to buy silk thread in assorted colors and will also pay labor costs for a helper to make hammocks since she has pending orders.

The previous loan allowed her to have a good production of hammocks and to fill some customer orders she had. She bought enough material and has increased the number of her new customers; she’s been able to provide food for her family.
View original language description ↓
María, solicita un nuevo préstamo para poder continuar en su producción de hamácas y de cortinas, se ha decidido por este préstamo pues considera que es necesario la compra de hilos de seda de diferentes colores, y también pagará mano de obra para que le ayude a elaborar las hamacas ya que tiene algunos pedidos.

El préstamo anterior le permitió realizar una buena producción de hamacas, atendiendo los pedidos que le habían realizado algunos clientes, se compró suficiente material y ha logrado conseguir un crecimiento de nuevos clientes y ha podido proveer el alimento a su familia.

Previous Loan Details

Maria has a business making handicrafts out of string. She lives with her husband and 3 children. She started this business after receiving training where she learned to make crafts out of string, and she is teaching this skill to her family. Now she is requesting a loan to pay for a big o... More from Maria Virgilia'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
  • 845
    View loans »
    El Salvador Loans Fundraising
  • $25,704,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Maria Virgilia to buy silk thead and to pay labor costs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Maria Virgilia. It was first posted on Kiva on Jul, 2011. Learn More