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Maria De Los Angeles

Update on Maria De Los Angeles

Maria finds herself in the need of stocking her business and she does not have the necessary financial resources to do so. This is why she is again applying for a loan at this microfinance insitution so that she can buy beef, chicken, soft drinks, condiments, and cereals. That way, she can generate an income for herself and her family.

Maria says that with the previous loan she was able to make a profit and use it to pay back the loan and pay for some necessary household expenses.
View original language description ↓
María, manifiesta que en este momento se encuentra con la necesidad de surtir su negocio y no cuenta con el recurso necesario e importante para poderlo hacer como lo es el dinero, por lo que nuevamente se acerca a la Institucion, para solicitar un crédito y de esa manera poder realizar la compra de: carne de res, pollo, refresco, condimentos y cereales; y así poder obtener ingresos para ella y su familia.
María, nos cuenta que con el crédito que anteriormente se le otorgo logro generar ganancias y así fue como pudo cancelar los créditos y realizar algunos gastos del hogar que eran necesarios.

Previous Loan Details

María has opted to continue investing in her business to provide better customer service. She’s requesting a loan to buy necessary supplies like beef, firewood, a tank of gas and condiments that she uses daily in her business. María comments that through these loans she’s been improving the e... More from Maria De Los Angeles'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
  • 757
    View loans »
    El Salvador Loans Fundraising
  • $25,574,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Maria De Los Angeles to buy beef, chicken, soft drinks, condiments, and cereals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014