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Santos Genaro

Update on Santos Genaro

Santos wishes to continue working with loans. That is why he is requesting a new one to invest in merchandise. He will buy fresh fruits like bananas, strawberries, and oranges. He will also buy vegetables like tomatoes, potatoes, cabbage, and others that are in demand by his customers.

He believes that this new investment will give him greater growth in his business. It will fortify the business for the months when there is the greatest demand, and he hopes to increase his income.
View original language description ↓
Santos, desea continuar trabajando con préstamos, por eso hoy está solicitando uno nuevo para invertirlo en mercadería: frutas frescas como bananas, fresas, naranjas, también verduras como tomates, papas, repollo, entre otros que son demandados por los clientes. El considera que con esta nueva inversión le dará mayor crecimiento a su negocio fortaleciendo la para los meses de mayor demanda esperando incrementar sus ganancias.

Previous Loan Details

Mr. Santos is 75 and lives in Joateca, department of Morazan with his five children, ages 22, 19, 18, 16 and 12, the older kids finished high school and the other three are still in school. For 30 years he's had a store where he offers first necessity products, his children help him sell. Mr... More from Santos Genaro'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
  • 485
    View loans »
    El Salvador Loans Fundraising
  • $23,095,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Santos Genaro to buy bananas, strawberries, oranges, tomatoes, potatoes, and cabbage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2011
Listed
Jan 4, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 16, 2012
This photo was used before for a previous loan for Santos Genaro. It was first posted on Kiva on Dec, 2010. Learn More