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Lorena Patricia

Update on Lorena Patricia

Lorena is requesting another loan because she needs to invest more in her business in order to keep going with the work that she does. This loan will allow her to buy french bread and pastries to offer to her customers.

The previous loan helped her to improve her sales and increase her inventory. Her living conditions have improved and her economic circumstances remain the same.
View original language description ↓
Lorena, solicita un nuevo préstamo por la necesidad de invertir más en su negocio y así salir adelante con la actividad que realiza. Dicho préstamo le permitirá comprar pan francés y pan dulce para ofrecer a los clientes.
El crédito anterior le ayudo a mejorar sus ventas e incrementar su inventario. Las condiciones de vida han mejorado y sus circunstancias económicas siguen igual.

Previous Loan Details

Lorena sells French bread and also hot dogs. She is 30 years old and is married. She has two children, ages 5 and 7, who are in school. She works in this business from Monday to Saturday in the afternoons. She has been doing this for 7 years. Now she is applying for a loan to purchase French b... More from Lorena Patricia'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
  • 469
    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 Lorena Patricia to purchase french bread and pastries to offer to her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Lorena Patricia. It was first posted on Kiva on Jan, 2013. Learn More