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Nancy Veronica

Update on Nancy Veronica

Nancy decided upon another loan in order to stock her store and for her ‘pupusa’ [stuffed tortillas] sales. She will buy basic grains, cooking oil, fried pork rinds, soft cheese, soft drinks, and sweets. This will serve to improve her sales and to attract new customers.

The previous loan helped her to get new merchandise to offer at better prices. Her sales are greater, she has new customers, and her contribution to the family expenses is greater.
View original language description ↓
Nancy, se decidió por otro crédito para surtir el inventario de la tienda y la venta de pupusas, comprara granos básicos, aceite, chicharrón, quesillo, bebidas y golosinas, le servirá para mejorar sus ventas y atraer a nuevos clientes.
El capital anterior le ayudo a adquirir mercadería nueva para ofrecerla a mejor precio, sus ingresos son mayores, tiene nuevos clientes y su aporte a los gastos familiares son mayores.

Previous Loan Details

Nancy lives with her family: her mother, 60 years old; her husband, 35 years old; and her son, 10 years old. All of them depend on the business. She sells pupusas [a thick corn tortilla stuffed with cheese, fried pork rind, chicken, or refried beans] and has a grocery store. She tends the store… More from Nancy Veronica'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

  • $4,900
    Average annual income
  • 442
    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 $300 helped Nancy Veronica to buy basic grains, cooking oil, fried pork rinds, soft cheese, soft drinks, and sweets.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2014
Listed
Jan 22, 2014
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Nancy Veronica. It was first posted on Kiva on Jun, 2013. Learn More