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Olga Yanira

Update on Olga Yanira

Olga needs a new loan because she requires greater working capital. This will allow her to buy shampoo, hair dye, creams, nail polish, lipstick, blush, foundation and other cosmetics.

Her previous loan helped her to expand her clientele and earnings at the same time. She invests her earnings in the education of her children. Her economic conditions and family life have improved.
View original language description ↓
Olga, se le presenta la necesidad de adquirir un nuevo préstamo porque requiere más capital de trabajo; este le permitirá comprar shampoo, tintes para el cabello, cremas, esmaltes, labial, rubor, maquillaje, entre otros cosméticos.
El crédito anterior le ayudo a aumentar la clientela y sus ingresos asimismo, estos los invierte en la educación de sus hijos; las condiciones económicas y las circunstancias familiares se han optimizado.

Previous Loan Details

Olga has a beauty salon. She is 36 years old and lives in her own house with her life partner and their two children, who are 8 and 15 years old. She has had this business for 14 years. She works from Monday to Saturday from 8:00 a.m. to 6:00 p.m. She learned this trade on her own; it is how she… More from Olga Yanira'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
  • 453
    View loans »
    El Salvador Loans Fundraising
  • $22,757,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Olga Yanira to buy shampoo, hair dye, creams, nail polish, lipstick, blush, foundation and other cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Olga Yanira. It was first posted on Kiva on Apr, 2013. Learn More