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María Ismelda

Update on María Ismelda

Maria is 41 years old. She studied until ninth grade. She is married and has 5 children who live with her and her husband. She tends to the housework. The family members who work to provide for the family are her husband (in masonry and security at night), and one of her sons (in agriculture).

She needs the loan repay two loans that she has taken. She took the first loan because interests rates increased and the second to reduce the installments, so that there would only be one. When she acquired the second loan, it was supposed to be used to improve the home, but at that time, one of her children had an accident and died. So the money was used to pay for funeral expenses. They then had to take out another loan from another institution to complete the house.

She hopes that in the future her children become professionals.
View original language description ↓
María de 41 años, estudio noveno grado, es casada, tiene 5 hijos todos viven con ella y su esposo.
Ella solo se dedica a los quehaceres del hogar, quien trabaja para el sustento de la familia es el esposo (en albañilería y de seguridad por las noches), y uno de sus hijos (en la agricultura)

El crédito lo necesita para pagar dos créditos que posee, el primero porque les aumentaron la tasa de interés y el segundo para que le disminuya la cuota, pues solo manejara uno,. Cuando adquirió el segundo crédito era para mejorar la casa, pero en ese momento, tuvo un accidente uno de sus hijos y falleció. Por lo que el dinero, lo utilizaron en los gastos fúnebres, y se vieron en la necesidad de sacar otro crédito, en otra institución para terminar lo de la casa.

A futuro piensa que sus hijos sean profesionales.

Previous Loan Details

María, 39, is married and has five children. She’s worked picking coffee beans for six years, a job she used to do with her family and now does with her husband. She also raises pigs. María is a very hardworking person. She leaves home at 4am to pick coffee in some haciendas located an hour... More from María Ismelda's previous loan »

Additional Information

About CrediCampo

This loan is administered by CrediCampo, a Kiva Field Partner in El Salvador. CrediCampo seeks to improve the lives of rural communities and their families in areas including health, education, basic services, and infrastructure. Through its Community Development Unit, CrediCampo provides scholarships, leadership development training, and financial education programs for families in rural areas. CrediCampo’s work is crucial in addressing the issue of poverty in El Salvador. Based on 2009 estimates, 37.8% of the population lives below the poverty line. To learn more about CrediCampo and their work, visit their partner page.

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

  • $7,500
    Average annual income
  • 781
    View loans »
    El Salvador Loans Fundraising
  • $26,218,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped María Ismelda to pay two loans that she has taken.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 24, 2013
Listed
Oct 30, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014