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Felipa

Update on Felipa

Felipa decided to request another loan to buy watermelons, papayas, pineapples, mangos, etc. She sells chopped fruits as a street vendor. She hopes to be able to continue working and keep her business alive in order to receive the income she needs to get ahead with her family.

Felipa used the previous loan to buy what she needed for her business in order to fulfill her customers’ demands. Her family’s living conditions have improved and her daughters are now working with her.
View original language description ↓
Felipa, se decidió por otro préstamo con el que comprara sandias, papaya, piñas, mangos, etc., para vender picada de manera ambulante y en su puesto de venta, espera seguir trabajando y teniendo su negocio activo para generar los ingresos con los que sale adelante con su familia.
El préstamo anterior le ayudo a Felipa a mantener su negocio con materia prima necesaria para lograr cubrir las demandas de sus clientes, en su familia la cosas han cambiado favorablemente, pues ya incorporo a sus hijas en el negocio.

Previous Loan Details

Felipa is married and lives with two of her daughters and four grandkids. Since she was a little girl she learned to sell chopped fruit; her working hours are from 6:00 am to 3:00 pm. It is an activity that doesn’t represent risks, and until this day she has managed the business quite well. S... More from Felipa'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
  • 845
    View loans »
    El Salvador Loans Fundraising
  • $25,704,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Felipa to buy watermelons, papayas, pineapples, mangos, etc. to sell.
69% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2014
Listed
Aug 14, 2014
Currency Exchange Loss:
N/A