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Maria Elena

Update on Maria Elena

María is applying for a new loan to further build up her business, as the loans are an advantageous source for acquiring earnings. This will allow her to buy fabric, thread, buttons, zippers and other materials.

The previous loan helped her fix her machine and obtain better profits. Her financial situation has improved and her family circumstances remain the same.
View original language description ↓
María, solicita un nuevo préstamo para fortalecer más el negocio, ya que los préstamos son una fuente favorable para adquirir ganancias; este le permitirá comprar tela, hilo, botones, zippers, entre otros materiales.
El crédito anterior le ayudo a arreglar su máquina y obtuvo mejores beneficios. Las condiciones económicas han mejorado y las circunstancias familiares se mantienen.

Previous Loan Details

María works selling clothes and doing tailoring. She lives with her husband, children and grandchildren. She and her husband are the ones that work for the home. The business consists in selling clothes like shorts and girls’ dresses she makes. She works almost every day and has been doing so… More from Maria Elena'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
  • 634
    View loans »
    El Salvador Loans Fundraising
  • $22,066,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Maria Elena to buy fabric, thread, buttons, zippers and other supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 18, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Maria Elena. It was first posted on Kiva on Nov, 2012. Learn More