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Sonia Del Carmen

Update on Sonia Del Carmen

Sonia invested the last loan in stocking her store which improved her revenues and fulfilled the needs of her customers. Once again she is requesting a loan to buy rice, beans, oil, sugar, drinks, etc.. Her clientele has grown she has more need of basic food products. She hopes to increases her income, pay off her debt and cover the household expenses. The family has a new member and everyone is better feed and in good health. She will continue to struggle to make her business grow.
View original language description ↓
Sonia, invirtió el crédito anterior en surtir el inventario de su tienda, con lo que mejoro sus rancias, cumplió con las necesidades de sus clientes y nuevamente está solicitando capital para comprar arroz, frijol, aceite, azúcar, bebidas, y otros pues como su clientela ha crecido tiene mayor demanda de productos de primera necesidad. Espera tener mejores ingresos, ir cancelando la deuda y cubrir los gastos del hogar.
En su familia hay un miembro más, todos cuentan con mejor alimentación y están muy saludables. Ella sigue luchando porque su negocio siga creciendo.

Previous Loan Details

Sonia needs to invest in buying merchandise for the shop. For this reason she is applying for a loan so she can buy oil, soap, sugar and rice, among other products that she needs to provide her customers with. She says that working with loans has strengthened the business, improves her profits an... More from Sonia 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 El Salvador

  • $7,500
    Average annual income
  • 773
    View loans »
    El Salvador Loans Fundraising
  • $25,611,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Sonia Del Carmen to buy rice, beans, oil, sugar, drinks, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 20, 2013
Currency Exchange Loss:
N/A
Ended:
May 18, 2014