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Luis Antonio

Update on Luis Antonio

Luis needs a loan again, in order to invest it in his business. This is due to the December/January season. He will buy merchandise such as blankets, curtains, DVDs, and CDs, taking advantage of the Christmas season. His earnings will be better, because he is improving his sales.

Luis has had a good experience with these loans, as they have helped him invest in better-selling items, so that the business is more profitable. This has also benefitted his family.
View original language description ↓
Luis, necesita de nuevo el préstamo para invertirlo en el negocio debido a la época de diciembre y enero, comprara mercadería como: frazadas, cortinas, Dvd, Cds, aprovechando la época de navidad y el resultado será mejor porque mejora en sus ventas.
Luis ha tenido una buena experiencia con estos prestamos pues le ayudaron para invertir en artículos de mayor venta para que el negocio sea más rentable, esto tambien ha beneficiado a su familia.

Previous Loan Details

Luis lives with his wife and son. He sells blankets, bedspread sets, curtains and other household textiles. The business was started on his own initiative and he has experience. He has no fixed work schedule to attend to customers. He is requesting a loan to buy merchandise for his business... More from Luis 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

  • $4,900
    Average annual income
  • 666
    View loans »
    El Salvador Loans Fundraising
  • $24,126,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Luis Antonio to buy blankets, curtains, bedspreads and DVDs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Jan 6, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012
This photo was used before for a previous loan for Luis Antonio. It was first posted on Kiva on Nov, 2011. Learn More