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Miguel Angel

Update on Miguel Angel

Miguel is requesting a new loan to buy small electrical appliances, lamps, flashlights and other products that he sells in his business. He hopes that, with this support, he will be able to strengthen his business with merchandise, offering his customers the best and satisfying their needs.

This is Miguel's second loan. His previous loan was also used to buy merchandise. That investment helped him keep his customers and he was able to sell all the goods he bought. As a result, he will once again buy merchandise with this loan, thereby breathing more life into his business.
View original language description ↓
Miguel, solicita un nuevo préstamo para la compra de electrodomésticos, lámparas, focos, y otros artículos que ofrece en el negocio, el desea que con este apoyo pueda fortalecer el negocio en mercadería, ofreciendo a los clientes lo mejor y satisfaciendo las necesidades de ellos. Este es su segundo prestamo, el anterior le ayudo para comprar tambien mercaderia, esta inversion le funciono para mantener a la clientela y poder vender todos los articulos adquiridos, en vista de ello volvera a comprar mercaderia a traves de este prestamo, dandole más vida al negocio.

Previous Loan Details

Miguel is 54 years old and lives in Corinto, in Morazán department, together with his wife Sara and his three children: 7 year-old Josué, 6 year-old Ana and 2 year-old Gamalie. Miguel's business is selling small electrical appliances. He has been in this business for 10 years. He started the b... More from Miguel Angel'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
  • 752
    View loans »
    El Salvador Loans Fundraising
  • $25,510,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Miguel Angel to buy small electrical appliances, lamps and flashlights.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012