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Otilia Argentina

Update on Otilia Argentina

Otilia is requesting a new loan to buy two sacks of corn, one “quintal” [1 quintal = 100 kg.] of potatoes, oil, firewood, bananas, milk, and sugar, among other materials needed for production in her business. This loan will give her the financial resources for her to continue working.

With the previous loan she managed to make a big investment because the price of the materials is less when buying wholesale. It gave her a better margin of income, and her family and their condition continues to be stable. She feels that her business is prospering.
View original language description ↓
Otilia, solicita un nuevo préstamo para comprarse dos sacos de maíz, un quintal de papas, aceite, leña, plátanos, leche y azúcar, entre otros materiales que son necesarios para la producción en su negocio, este préstamo le dará los recursos económicos para que ella continué trabajando.

Con el préstamo anterior logró realizar una gran inversión, ya que el precio de los materiales disminuye a comprarlo por mayor, le dio un mejor margen de ganancia, su familia y su condición continúan estable y considera que su negocio está prosperando.

Previous Loan Details

Otilia lives with her family; she is the mother of an 11 year old girl. She sells snacks and appetizers, is three years in the business, serving in the evenings from 2:00 pm to 9:00 pm, with many customers. She is requesting a loan for the purchase of corn, wood and oil, to keep these materials ... More from Otilia Argentina'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
  • 750
    View loans »
    El Salvador Loans Fundraising
  • $25,510,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Otilia Argentina to buy two sacks of corn, one “quintal” [1 quintal = 100 kg.] of potatoes, oil, firewood, bananas, milk, and sugar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2012
Listed
Aug 27, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 19, 2013
This photo was used before for a previous loan for Otilia Argentina. It was first posted on Kiva on Dec, 2011. Learn More