Check out some available loans that are similar to this one!
Mercedes

Update on Mercedes

Mercedes is requesting a new loan because she needs more working capital as well as the attention the institution offers her. This loan will help her to buy meat, rice, beans, oil, and other ingredients for the food she sells.

Her previous loan helped her to strengthen her business and she was able to cover all of her expenses. Her family's situation has remained stable.
View original language description ↓
Mercedes, solicita un nuevo préstamo porque necesita más capital de trabajo y por la buena atención que la institución le brinda. Este le ayudara para comprar carnes, arroz, frijol, aceite, entre otros para la venta de comida.
Con el crédito anterior le ayudo a fortalecer el negocio y con las ganancias ha logrado cubrir los gastos. Las condiciones familiares se mantienen estables.

Previous Loan Details

Mercedes is a single mother of two adult children, ages 36 and 39. She makes a living selling food, and she decided to begin her small business five years ago. She works every day, and she has had success with her business. She is requesting this loan because she needs to purchase input items ... More from Mercedes'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
  • 718
    View loans »
    El Salvador Loans Fundraising
  • $26,095,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Mercedes to buy meat, rice, beans, oil, and other ingredients.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Mercedes. It was first posted on Kiva on Jun, 2012. Learn More