Update on María TeresaMaría Teresa, 43, lives with her life companion. She buys and sells lottery tickets. She’s been in business several years and has gained much experience that makes it possible for her to earn the best profits. She sells from place to place and is very well-known in the communities she visits; this has helped her acquire a large clientele because she’s a trustworthy person and the tickets she sells are affordable and service is excellent.
María is an enterprising, forward-looking person who is always on the lookout for new opportunities that will lead to success. She wants to make her business grow and plans to invest in this new year that’s beginning but needs capital which is why she’s asking INTEGRAL for a loan to buy lottery tickets at wholesale. María Teresa has good credit history and very good recommendations; she’s sure that she can repay the loan while at the same time being able to provide her family with the quality of life they deserve.
Previous Loan DetailsMaria Teresa is forty-three years old and lives with her life partner in their own house. She works selling lottery tickets. She has done this work for several years and has gained much experience in the sales that allow her to obtain the highest earnings. She operates in all of the surrounding… More from María Teresa's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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
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Success!! The loan was 100% repaid
- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- Dec 14, 2012
- Jan 9, 2013
- Currency Exchange Loss:
- Jan 25, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.