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Maria Elsa

Update on Maria Elsa

Maria needs to take out a new loan because she needs more working capital. This is help her buy wholesale potatoes, bananas, oil, and corn, among other ingredients. With the previous loan, she was able to meet demand and have greater stability. The economic conditions and family circumstances have improved.
View original language description ↓
María, se le presenta la necesidad de optar por un nuevo préstamo porque requiere de más capital de trabajo, este le servirá para comprar papas, platanos, aceite, maíz, entre otros ingredientes, todo por mayor.
Con el crédito anterior logro cubrir la demanda y tener una mayor estabilidad; las condiciones económicas y las circunstancias familiares han mejorado.

Previous Loan Details

María is requesting a new loan that will be of great help for her: she will buy the ingredients she needs to prepare her meals, as in this year-end season she is receiving many requests. She will buy chicken, meat, rice, onions, tomatoes and other necessary ingredients. Maria’s experience with h... More from Maria Elsa'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
  • 785
    View loans »
    El Salvador Loans Fundraising
  • $26,231,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Maria Elsa to buy wholesale potatoes, bananas, oil, and corn, among other ingredients.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 15, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015