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Olga Marina

Update on Olga Marina

Olga is asking for a new loan because her business has provided a great opportunity for growth. She will use the money to buy primary needs products such as rice, cooking oil, sugar, coffee, and other things.

She says that she has had a change in business and the previous investment provided good profits in her sales. She stocked her business and she and her family live under better conditions and have food and all the other basic needs.
View original language description ↓
Olga, está solicitando un nuevo préstamo porque en su negocio ha sido una buena alternativa para crecer, comprara con los fondos prestados productos de primera necesidad como arroz, aceite, azúcar, café, entre otros productos.
Ella manifiesta que ha tenido un cambio en el negocio, ya que la inversión anterior le dio más ganancias en sus ventas, surtió la tienda y con ello su familia se mantiene en mejores condiciones para alimentación y todas las necesidades básicas.

Previous Loan Details

Olga sells basic household necessities. She lives with her husband and they have three children, all of whom depend on them. She learned her business because of the financial need in the home. She has been carrying it on for three years. One of the advantages she has is not having much competitio... More from Olga Marina'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
  • 709
    View loans »
    El Salvador Loans Fundraising
  • $29,660,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Olga Marina to stock her store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 17, 2013
Jan 23, 2013
Currency Exchange Loss:
Oct 17, 2013
This photo was used before for a previous loan for Olga Marina. It was first posted on Kiva on Jun, 2012. Learn More