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Damaris Esther

Update on Damaris Esther

Damaris needs to take out another loan because she needs more working capital to continue investing in her business. The repayment format that the institution provides allows her to buy jewelry materials such as nylon, pearls, plastic, plated chains, necklaces, bracelets, rings, etc.

Damaris' previous loan made her more income because she managed to buy materials for her business and had more stock available which meant that she could meet her customer demand. Both her financial situation and her family situation have improved.
View original language description ↓
Damaris, se le presenta la necesidad de optar por un nuevo préstamo porque requiere de más capital de trabajo para seguir invirtiendo en su negocio y por la forma de pago que la Institución brinda; este le permitirá comprar material de bisutería tales como: nailon, perlas, plástico, asimismo cadenas enchapadas, collares, pulseras, anillos, entre otros.
El efecto del crédito anterior le genero mayores ingresos, ya que logro adquirir material para el negocio y tener más inventario para poder cumplir con la demanda del cliente; las condiciones económicas y las circunstancias familiares han mejorado.

Previous Loan Details

Damaris is interested in continuing to work which is why she is requesting a loan to buy materials for making [costume] jewelry. She will buy stones, pendants, threads, plated chains, wire and everything else she needs to continue making necklaces, bracelets and rings. Damaris' previous loan ... More from Damaris Esther'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

  • $7,500
    Average annual income
  • 801
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Damaris Esther to buy nylon, pearls, plastic, plated chains, necklaces, bracelets, rings, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Damaris Esther. It was first posted on Kiva on Oct, 2012. Learn More