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Maria Magdalena

Update on Maria Magdalena

María is requesting a loan in order to buy raw cashew nuts as a means of continuing her business. This will enable her to buy nuts since she has few resources. As a result, she will improve her available inventory and expect to obtain a good price.


María says that her previous loan helped her to accomplish many things, such as buying nuts and establishing the start of a good credit record. Her family has not experienced any problems. Her wish is to make gradual improvements to her home.

View original language description ↓
María, está solicitando un préstamo para la compra de semillas de marañón cruda, como una alternativa para darle continuidad al negocio, se comprara esta fruta ya que está un poco escasa y así poder mejorar su disponibilidad, espera hacer una buena compra.
Manifiesta que con el préstamo anterior se le facilitaron las cosas, se compro semillas, esto le abrió las puertas con un record bueno en créditos, en su familia no ha atravesado ningún problema, su deseo es mejorar poco a poco su vivienda.

Previous Loan Details

Maria sells cashew nuts. She lives with her three children and her husband. She has been selling cashew nuts for many years in this family business, which up to now has provided sufficiently for household expenses. She will use her loan to buy nuts, which will help her to increase the quantity of... More from Maria Magdalena'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
  • 482
    View loans »
    El Salvador Loans Fundraising
  • $23,334,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Maria Magdalena to buy raw cashew nuts.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 18, 2013