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Mauricio Armando

Update on Mauricio Armando

Mauricio once again needs another loan because he wants to improve his business and needs to buy supplies to make French bread like a cylinder to make French baguettes, flour, sugar and gas. His goal is to have sufficient ingredients and equipment to improve production and meet the demand he has. Previous loans helped him to increase profits which helped him improve his family economically improving the conditions they used to have.
View original language description ↓
Mauricio, nuevamente necesita otro crédito, porque quiere mejorar su negocio y por eso necesita comprar materiales para la elaboración de pan francés como: un cilindro para hacer francés, harina, azúcar y gas, el objetivo de él es tener lo suficiente material y herramientas para mejorar la produccion y para atender la demanda de clientes que tiene, los créditos anteriores le ayudaron a crecer en sus ganancias, esto le ayudo a mejorar lo económico en su familia mejorando las condiciones que antes tenían.

Previous Loan Details

32 year-old Mauricio lives in El Triunfo, in Usulután department. He is single and lives with his mother. Mauricio owns a bakery which is located in his home. He set up his bakery 3 years ago but he has 14 years experience in this trade. His working hours are from 4.00am to 1.00pm. Maurici... More from Mauricio Armando'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

Success!! The loan was 100% repaid

A loan of $750 helped Mauricio Armando to buy a cylinder to make French baguettes, flour, sugar and gas.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Nov 8, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012
This photo was used before for a previous loan for Mauricio Armando. It was first posted on Kiva on Apr, 2011. Learn More