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Update on Americo

Américo decided on a new loan given the level of care and attention that it gives him, offering him short-term loans, which he has invested in his business. For the moment he will buy chicken, rice, meat and seasonings and other products for the business. With the loans his status in the business has improved as has the income which has been greater.
View original language description ↓
Américo, se decidió por un nuevo préstamo, por la buena atención y servicio que se le brinda, dándole los prestamos en un plazo corto, los cuales ha invertido en el negocio, por el momento comprara pollo, arroz, carne, condimentos y otros productos para el negocio.
Con los préstamos su condición en el negocio ha mejorado, también los ingresos han sido mayores.

Previous Loan Details

Américo lives with his wife in San Miguel. He has been selling food for five years. He works every day from 4:00 a.m. until 3:00 p.m. He learned this business from his parents, and so far he has not had any problems. He is requesting a loan to buy chicken, meat, rice, oil, vegetables, and ... More from Americo'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
  • 635
    View loans »
    El Salvador Loans Fundraising
  • $28,078,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Americo to buy chicken, rice, meat and seasonings.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 16, 2011
Nov 1, 2011
Currency Exchange Loss:
Aug 16, 2012
This photo was used before for a previous loan for Americo. It was first posted on Kiva on May, 2011. Learn More