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Mario Rene

Update on Mario Rene

Mario is requesting a new loan to buy construction supplies such as cement, bricks, sand and paint so that he can improve the appearance of his home. He hopes that this purchase will be as beneficial as the one he made with his previous loan. The difference is that he invested his previous loan in buying products for his store.

Mario believes that he has had a good experience with his business and working with loans. As a result, he is currently more solvent.
View original language description ↓
Mario, está solicitando nuevamente un préstamo, para la compra de materiales de construcción como cemento, ladrillo, arena, pintura, para darle una mejora apariencia a la vivienda, esta compra espera que sea de provecho al igual que el préstamo anterior, con la diferencia que el préstamo lo invirtió en compra de productos para la tienda.
Él considera que ha tenido una buena experiencia con el negocio y con el trabajo de los préstamos, viviendo más solvente en la actualidad.

Previous Loan Details

Mario is a 21 year old young man. He lives in El Transito in the department of San Miguel with his mother and his siblings. He is single and has been working at a poultry farm for a year. He also owns a store that he runs with his mother's help. He has a rotating schedule. He is currentl... More from Mario Rene'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About El Salvador

  • $7,500
    Average annual income
  • 734
    View loans »
    El Salvador Loans Fundraising
  • $27,054,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mario Rene to buy cement, bricks, sand and paint.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 7, 2012
Mar 9, 2012
Currency Exchange Loss:
Mar 17, 2014
This photo was used before for a previous loan for Mario Rene. It was first posted on Kiva on Apr, 2011. Learn More