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Maria Del Carmen

Update on Maria Del Carmen

María needs a new loan because she needs to improve her house where she has her business and lives with her family. This investment will help her to buy tile, metal sheets, bricks, and cement in order to build a room.

The last loan was beneficial because her financial situation has improved. This helped her to repair the machinery used in the business.
View original language description ↓
María, requiere optar por un nuevo préstamo porque necesita mejorar su vivienda donde tiene su negocio y vive junto a su familia; esta inversión le ayudara a comprar cerámica, lámina, ladrillo y cemento para la construcción de un cuarto.
El crédito anterior fue favorable, ya que las condiciones económicas han mejorado, esto le ayudo a la reparación de maquinaria de uso empresarial.

Previous Loan Details

Maria needs a new loan to fix her sewing machine so that she can maintain its quality thus being able to attend to the demands of tailoring. This loan will serve as a way for her machine to function well. Her previous loan helped improve her lifestyle. She has been able to help her family with... More from Maria Del Carmen'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About El Salvador

  • $7,500
    Average annual income
  • 644
    View loans »
    El Salvador Loans Fundraising
  • $28,150,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Del Carmen to buy tile, metal sheets, bricks, and cement.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 3, 2013
Jul 17, 2013
Currency Exchange Loss:
Jul 17, 2014
This photo was used before for a previous loan for Maria Del Carmen. It was first posted on Kiva on Nov, 2012. Learn More