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Maria Cleofe

Update on Maria Cleofe

Once again María is seeking a loan because she needs working capital. She plans to use it to buy drinks, candy, meat, corn, firewood, and propane gas.

She has been very pleased with the previous loan because it generated sufficient income so she could pay off her debts and pay for household and personal expenses. Her finances have improved greatly, and she is grateful for the help that these timely loans have provided.
View original language description ↓
María, requiere de un nuevo préstamo porque se encuentra descapitalizada. Con ello le ayudara mucho para comprar bebidas, refrescos, golosinas, carnes, maíz, leña, gas propano.
Ha ella le fue de mucha satisfacción el préstamo anterior, porque genero ingresos para solventar sus deudas, gastos del hogar y personales. Ha mejorado de una forma notoria económicamente y agradece la ayuda que se le da con los créditos oportunos.

Previous Loan Details

María has decided to request a new loan because her business is in need of merchandise and basic necessities. She will invest in the purchase of soft drinks, sodas, bags, candy, corn, and firewood that she can offer to her customers.

Her previous loan had a very important effect since it... More from Maria Cleofe'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
  • 461
    View loans »
    El Salvador Loans Fundraising
  • $23,276,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Cleofe buy drinks, candy, meat, corn, firewood, and propane gas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013