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Hortensia Magaly

Update on Hortensia Magaly

Hortensia needs capital to invest in her clothing sales once again. She will buy clothes for women and children (new styles, a variety of colors and sizes). Her previous loan was beneficial for she was able to expand the variety of products she sold. She has more satisfied customers, higher income and she’s able now to provide her family with better nutrition, education and health.
View original language description ↓
Hortensia, necesita capital para invertir nuevamente en su venta de ropa, comprara ropa para dama y niños (estilos nuevos, variedad de colores y tallas). Fue beneficiada con la oportunidad de un crédito anteriormente con el que amplió la variedad de productos que ofrecía.
Tiene más clientes satisfechos, mejores ingresos, hoy puede brindar una mejor alimentación, educación y salud a su familia.

Previous Loan Details

Hortensia sells clothing. She is 25 years old, lives with her parents, and helps them with the business. She has been doing this for three years now. She learned this occupation from an aunt, who helps her sell, as she carries on her business from Monday to Friday. The loan she needs to get ... More from Hortensia Magaly'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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 659
    View loans »
    El Salvador Loans Fundraising
  • $24,200,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Hortensia Magaly to buy clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 8, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Hortensia Magaly. It was first posted on Kiva on Mar, 2013. Learn More