Update on María ConcepciónMaría is 34 years old and the mother of two daughters. For over 11 years, she has worked selling foods that she makes such as enchiladas, fried plantains and yucca, nuégados [sweet made from flour, nuts and honey] and chilate [beverage made from roasted corn, chili and cocoa often flavored with anise, pepper, ginger and cinnamon]. María sells these products, as well as coffee and hot chocolate in a local market from 1 p.m. to 6 p.m. She learned to cook these foods from her mother.
María has a very good credit history with the communal bank Fundación Campo. She repaid her previous loan financed by Kiva in the category A repayment rating.
With the new loan she is requesting from Fundación Campo, María will purchase the ingredients she needs to prepare the food she sells in the city's central market, located 500 meters from where she lives. She will buy 10 cabbages, 200 pounds of corn, eight baskets of yucca, 200 green bananas, five gallons of oil, and other ingredients as well as to install a new floor and fix some cracks in her house. Purchasing these will help María increase her sales, to improve her profits. This will help improve her finances and allow her to pay her household expenses and her daughters' education.
In the future, María plans to continue the construction of her home because she doesn't currently have the resources to finish doing so.
Ella tiene historial crediticio muy bueno en Fundación Campo el crédito que cancelo fue financiado por KIVA y lo cancelo con categoría A.
Compra la materia prima para la elaboración de los comestibles en el mercado central de la ciudad, que se encuentra ubicado a medio kilómetro de donde ella reside los artículos que compra son: repollos, maíz, yuca, guineo verde, aceite. Entre otros
El préstamo que esta solicitando a Fundación Campo, es para comprar 10 Repollos, 2 quintales de maíz, 8 canastos de yuca, 200 guineos verdes, 5 galones de aceite, entre otros productos más y para invertir en la instalación del piso y repello de su casa.
Al comprar estos insumos para la elaboración de todos los comestibles incrementaran las ventas y de esta manera obtendrá mayores ganancias y tendrá más solvencia económica al costear los gastos de la casa y también podrá ayudar a sus hijas con el estudio
Los planes a futuro que tiene la señora, es seguir con la construcción de la vivienda ya que actualmente no cuenta con los recursos necesarios para terminar el proyectó de la construcción.
Previous Loan DetailsMaría, 34, is single and has two daughters. She’s worked for more than ten years making enchiladas, fried bananas, fried manioc, nuégados [sweet made from flour, nuts and honey] and chilate [beverage made from roasted corn, chili and cocoa often flavored with anise, pepper, ginger and cinnamon... More from María Concepción's previous loan »
About CrediCampoThis loan is administered by CrediCampo, a Kiva Field Partner in El Salvador. CrediCampo seeks to improve the lives of rural communities and their families in areas including health, education, basic services, and infrastructure. Through its Community Development Unit, CrediCampo provides scholarships, leadership development training, and financial education programs for families in rural areas. CrediCampo’s work is crucial in addressing the issue of poverty in El Salvador. Based on 2009 estimates, 37.8% of the population lives below the poverty line. To learn more about CrediCampo and their work, visit their partner page.
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
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- Repayment Term
- 32 months (Additional Information)
- Repayment Schedule
- Jun 3, 2013
- Jun 8, 2013
- Currency Exchange Loss:
- Jul 8, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.