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Update on Martin

Martín is requesting a new loan, as he wants to build a small wall at the end of his property as there is a gully that passes alongside and he wants to make his home more secure. In order to do this, he needs to buy cement, cinder-blocks, stone and sand. With these materials, he hopes to be able to both start and finish construction on the wall, so as to avoid any kind of incidents with his family.

He has had positive effects from the previous loans on supporting his family and having better financial solvency.
View original language description ↓
Martín, está solicitando nuevamente un préstamo, ya que quiere construir un pequeño muro al final de su vivienda, ya que por ahí pasa una quebrada y él quiere mantener su hogar más seguro, para esto necesita comprar cemento, bloques, piedra y arena, esperando con estos materiales iniciar y finalizar la construcción del muro para evitar cualquier incidente con su familia.
El tiene efectos positivos de los préstamos anteriores apoyando a su familia y teniendo una mejor solvencia económica.

Previous Loan Details

Martin lives with his wife and child. He manages a small sewing workshop and has 25 years of experience working as a tailor. Martin learned this trade when he was an assistant at another workshop. He has built up a customer base and his business enables him to provide for the needs of his fami... More from Martin'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About El Salvador

  • $7,500
    Average annual income
  • 712
    View loans »
    El Salvador Loans Fundraising
  • $27,098,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Martin to purchase cement, cinder-blocks, stone and sand.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 9, 2011
Dec 5, 2011
Currency Exchange Loss:
Apr 15, 2012
This photo was used before for a previous loan for Martin. It was first posted on Kiva on Jul, 2011. Learn More