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Paula

Update on Paula

Paula decided to take out a new loan to support her business, buying meat, chicken, rice, beans, and sugar, among other products, which are necessary to make her customers' meals.

She thinks that she has kept up the business, working to have a better dining area and cover her family's expenses. For the moment she notes that her family's condition is stable.
View original language description ↓
Paula, se decidió por un nuevo préstamo para mantener el negocio, comprando carne, pollo, arroz, frijol, azúcar, entre otros productos, que son necesarios para elaborar los platillos de los clientes.
Ella considera que se ha mantenido con el negocio, trabajando por tener un comedor mejor y cubrir sus gastos en la familia, ella por el momento comenta que sus condiciones en la familia se mantienen estables.

Previous Loan Details

Páula wants to buy basic ingredients for her dining area. For this reason, she is applying for a loan that will help her improve the availability of her cuisine. She will buy meat, shellfish, chicken, beans, rice, and sausages, which are some of the ingredients that she uses daily to make her var... More from Paula'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
  • 744
    View loans »
    El Salvador Loans Fundraising
  • $26,264,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Paula to purchase meat, chicken, rice, beans, and sugar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013