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Ada Patricia

Update on Ada Patricia

Ada has decided to take out another loan to stock her store by wholesale. She will buy soft-drinks, juice, snacks (cookies, candy, etc.), corn, beans and others. She was able to strengthen the business with her previous capital and her profits and demand have both risen to date. Ada’s income is higher so she’s able to better fill family needs; she’s saving up to be able to buy a piece of land.
View original language description ↓
Ada, ha decidido tomar otro préstamo para invertir por mayoreo en su tienda, comprara: gaseosas, jugos, golosinas (dulces, galletas, etc.), maíz, frijoles y otros. Pues con el capital que anterior pudo fortalecer su negocio, sus ganancias han subido y hoy la demanda es mucho mayor.
Ada tiene mejores ingresos lo que le permiten salir con los compromisos que tiene con su familia, y está ahorrando para poder comprar un terreno.

Previous Loan Details

Ada has a general store. She lives with her family, which includes her 26-year-old husband and their one-year-old son. Ada is dependent on her life companion and her business. She has been in business for three years and works every day from 6:00 A.M. to 8:00 P.M.

The loan she is… More from Ada Patricia'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.

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About El Salvador

  • $4,900
    Average annual income
  • 443
    View loans »
    El Salvador Loans Fundraising
  • $22,741,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Ada Patricia to buy merchandise to stock her store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 14, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014
This photo was used before for a previous loan for Ada Patricia. It was first posted on Kiva on Mar, 2013. Learn More