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Catalina

Update on Catalina

Catalina needs to take out another loan because she needs more working capital to continue her business selling tortillas, cosmetics, and lotions. This will help her to buy corn, firewood, gas, creams, nail polish, and lotions, among other items.

The previous loan helped her to strengthen the business, and with the earnings she has succeeded in supporting her family. The financial conditions have improved and the family circumstances have as well.
View original language description ↓
Catalina, requiere optar por un nuevo préstamo porque necesita más capital de trabajo para continuar en el negocio de venta de tortillas, cosméticos y lociones; este le ayudara a comprar maíz, leña, gas, cremas, esmaltes, lociones, entre otros.
El crédito anterior le ayudo a fortalecer el negocio y con las ganancias ha logrado apoyar a su familia; las condiciones económicas han mejorado y las circunstancias familiares asimismo.

Previous Loan Details

Catalina is requesting a loan to buy supplies for her business selling tortillas. She will buy corn, firewood and propane gas, which she needs to prepare the products to sell. Because she can buy with cash, she will be able to acquire these supplies at a lower price. Catalina thinks that the... More from Catalina'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.

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About El Salvador

  • $7,500
    Average annual income
  • 783
    View loans »
    El Salvador Loans Fundraising
  • $25,635,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Catalina to buy corn, firewood, gas, creams, nail polish, and lotions, among other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
May 31, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013