Check out some available loans that are similar to this one!
Miguel Angel

Update on Miguel Angel

Miguel is requesting a new loan to buy supplies necessary for his work as a plumber, such as pipes, glue, casing, elbow bends, and other accessories. Having had a good experience with previous loans, Miguel decided to do this and expects it to help him in the same manner, improving his plumbing services for his customers, and generating more income for his family.
View original language description ↓
Miguel, está solicitando un nuevo préstamo para la compra de materiales necesarios para la fontanería, como lo son tubos, pegamentos, camisas, codos, y demás accesorios; el después de haber tenido una buena experiencia con los préstamos, se decidió por este y espera que le ayude de igual manera, para mejorar su servicio de fontaneria a los clientes, generando para su familia más ingresos.

Previous Loan Details

Miguel is 59 years old and resides in Usulutan with his wife and 2 grandchildren. He dedicates himself to constructing houses, and he is also a plumber. Miguel learned these skills when he was 20 years old and at present, works with an uncle. Miguel built a room onto his house but funds didn... 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
  • 770
    View loans »
    El Salvador Loans Fundraising
  • $26,245,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Miguel Angel buy pipes, glue, casing, and plastic elbows for his plumbing work.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 16, 2012
This photo was used before for a previous loan for Miguel Angel. It was first posted on Kiva on Oct, 2010. Learn More