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Gerardo

Update on Gerardo

Gerardo has decided to take out another loan because he needs it to enlarge his business stocking it with merchandise like shorts, shirts, blouses, pants and socks. His dream is to increase sales and as a result his income. The previous loans helped him expand the business and obtain more income which led to improved quality of life and he’s been able to meet his family’s needs.
View original language description ↓
Gerardo, se ha decidido a tener otro crédito, porque lo necesita para hacer más grande su negocio surtiendo lo de mercadería como: short, camisas, blusas, pantalones, calcetas, el sueño de él es aumentar en sus ventas y por consiguiente en sus ingresos. Los anteriores créditos le ayudaron a ampliar su negocio y obtener más ingresos, esto le permitió tener mejor calidad de vida y ha podido solventar las necesidades de su familia.

Previous Loan Details

Gerardo is a young man of 19 who sells clothes. He is single and lives with his mother in El Transito, in San Miguel department. He started his business with a friend. He doesn't work fixed hours. He is currently requesting a loan to invest in his business. Gerardo will invest his loan in ... More from Gerardo'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

  • $4,900
    Average annual income
  • 457
    View loans »
    El Salvador Loans Fundraising
  • $23,123,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Gerardo to buy clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Nov 8, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012
This photo was used before for a previous loan for Gerardo. It was first posted on Kiva on Apr, 2011. Learn More