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Sergio Antonio

Update on Sergio Antonio

Having received good support and having made a great investment in his business, Sergio has decided to take out a new loan, which he will use to buy medicines in different forms - syrups, tablets and injections - to sell to his customers. He has managed to develop and improve his medicine sales, thus changing his family's economic circumstances.
View original language description ↓
Sergio, después de haber recibido una buena atención y haber realizado la mejor inversión en el negocio, se ha decidido por un nuevo préstamo del cual utilizará en la compra de medicamentos y vitaminas en diferentes presentaciones jarabes, pastillas, inyecciones para ofrecer a los clientes. El ha logrado crecer y mejorar su comercio de medicinas, cambiando las condiciones económicas para su familia.

Previous Loan Details

Sergio lives with his wife and two children. He makes his living as a peddler of medicines and clothing. He began the business with the support of a friend. Now this job allows him to have everything necessary for his home. He does not have a fixed schedule. Currently he needs investment capital.... More from Sergio Antonio'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
  • 659
    View loans »
    El Salvador Loans Fundraising
  • $26,134,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Sergio Antonio to purchase syrups, tablets and injections.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012
This photo was used before for a previous loan for Sergio Antonio. It was first posted on Kiva on Jul, 2011. Learn More