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Elda Elena

Update on Elda Elena

Elda needs more capital since the demand for her business has increased. She will buy fresh cheese, pork crackling, oil, dressings and drinks, which will give her the opportunity to have a more stable business.

The previous loan helped her to increase her production and she has more customers. Her sales improved and she used the profits for the family's expenses and to pay off the loan.
View original language description ↓
Elda, necesita más capital debido a que la demanda de su negocio ha aumentado, invertirá en la compra de quesillo, chicharrón, aceite, aderezos y bebidas, lo que le da la oportunidad de contar con negocio más estable.
El préstamo anterior le ayudo a mejorar su producción, tiene más clientes, sus ventas mejoraron y las ganancias las utilizo en el pago de las cuotas y en los gastos familiares.

Previous Loan Details

Elda needs a new loan because more capital is required to continue investing in making and selling pupusas, a thick corn tortilla stuffed with various fillings. This investment will allow her to buy the raw materials, such as: tomatoes, cabbages, meat, oil, quesillo (a soft cheese), and other pro... More from Elda Elena'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
  • 772
    View loans »
    El Salvador Loans Fundraising
  • $26,231,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Elda Elena to buy fresh cheese, pork crackling, oil, dressings and drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Dec 31, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Elda Elena. It was first posted on Kiva on Aug, 2013. Learn More