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Santos Elias

Update on Santos Elias

Santos needs a new loan to strengthen his business selling tortillas and tamales. He will use the loan to buy firewood and corn at wholesale, condiments, and other ingredients to make tamales and tortillas.

With his previous loan, he was able to get everything he needed for his business and was able to increase his sales. Now, he and his family have made improvements to their house. He states that he is satisfied with the work that he has carried out with his business.
View original language description ↓
Santos, necesita un nuevo crédito para fortalecer su negocio de la venta de tortillas y tamales, para esto comprara leña y maíz por mayoreo, condimentos y los demás ingredientes para la elaboración de los tamales y las tortillas.

Con el préstamo anterior logro tener lo necesario para el negocio, mejorando la ventas y en este tiempo ella y su familia han hecho mejoras a la vivienda, manifiesta estar satisfecha con el trabajo realizado en el negocio.

Previous Loan Details

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 s... 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

  • $4,900
    Average annual income
  • 602
    View loans »
    El Salvador Loans Fundraising
  • $23,544,725
    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 buy firewood and corn at wholesale, and to buy condiments.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Santos Elias. It was first posted on Kiva on Jul, 2012. Learn More