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Maria Magdalena

Update on Maria Magdalena

Maria needs a new loan to invest in the work she does. This will allow her to buy the necessary raw materials such as: clay, nacazcol (a black dye), wood, transport (freight), and manual labor.

The previous loan was very helpful. Financial conditions have improved since she invested in the business and support for her family; the family is supporting itself.
View original language description ↓
María, requiere de un nuevo préstamo para invertir en el negocio que desempeña; este le permitirá comprar la materia prima necesaria tales como: tierra de barro, nacazcol, leña, transporte y pago de mano de obra.
El crédito anterior fue de mucha ayuda, las condiciones económicas han mejorado, ya que lo invirtió en el negocio y apoyo para su familia; el núcleo familiar se mantiene.

Previous Loan Details

María has always worked making crockery. She lives with her husband, a daughter, and four grandchildren. She is applying for a loan to buy materials for making pots, comals (griddles) and saucepans, such as nacazcol (a type of pigment), clay and firewood. With this loan she will get what she need... More from Maria Magdalena'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
  • 693
    View loans »
    El Salvador Loans Fundraising
  • $24,309,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Maria Magdalena to pay for clay, nacazcol (a black dye), wood, transport (freight), and manual labor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013