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Santos Isabel

Update on Santos Isabel

Santos has decided to request a new loan because his business is doing well right now. He will invest his money in buying silk threads and nylon for making hammocks. This will help him to have materials available and increase his production.

Santos believes these loans to be very useful because he has improved his sales.
View original language description ↓
Santos, se ha decidido por obtener un nuevo préstamo, ya que el negocio está teniendo un buen momento, este dinero lo invertirá en la compra de hilos de seda y nailon para elaborar hamacas, esto le ayudara para disponer de materiales y aumentar la producción.
Ella considera que estos préstamos le han sido de mucha utilidad, porque ha mejorado sus ventas.

Previous Loan Details

Santos lives with his three daughters who are 10, 8 and 4 years of age. He makes hammocks. He learned this occupation 12 years ago with his parents. He works with other people making hammocks. His older daughters sometimes help out too. His work schedule is 8am to 4pm. He is asking for a ... More from Santos Isabel'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 $1,025 helped Santos Isabel to buy silk threads and nylon for making hammocks.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 3, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012
This photo was used before for a previous loan for Santos Isabel. It was first posted on Kiva on Jul, 2011. Learn More