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Mercedes De Jesus

Update on Mercedes De Jesus

Mercedes has decided to take out a new loan because she needs more capital to continue working buying and selling chickens. She will use the borrowed funds to buy chicks to increase the size of her farm and continue selling. This will be of great help for her to continue with the farm.

She believes that the previous loan was very helpful because she strengthened the business and with the profits she obtained was able to help her family. Her business continues growing and her family condition is stable.
View original language description ↓
Mercedes, se ha decidido por un nuevo préstamo porque necesita más capital para trabajar en la compra y venta de pollos, con los fondos prestados e invertirá en pollos pequeños para aumentar la granja y continua vendiendo, esto será un gran apoyo para que continúe en la granja.
Con el préstamo anterior considera que le ayudó a fortalecer el negocio y con las ganancias que obtuvo ha podido ayudar a su familia, su negocio continúa creciendo y las condiciones en su familia se mantiene.

Previous Loan Details

Mercedes is a single mother who lives with her two children, ages 19 and 25. Her husband died six months ago, which is why she has to work. Mercedes sells chickens and pigs at the market from 4am to 6pm every day. She needs a loan to buy chickens and pigs so that she can improve her sales... More from Mercedes De Jesus'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
  • 672
    View loans »
    El Salvador Loans Fundraising
  • $26,152,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Mercedes De Jesus to buy chicks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2012
Listed
Nov 8, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 18, 2013