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Sergio

Update on Sergio

Sergio is requesting a new loan because he believes it will help him to develop his business. He will use the funds to purchase fabric and leather to upholster furniture and vehicles. The loan will help him to have sufficient materials to do quality work.
Earlier, Sergio requested a loan to purchase materials because the earnings he receives from his upholstery work allow him to subsist.
View original language description ↓
Sergio, está solicitando un nuevo préstamo, porque considera que le ayudan para el desarrollo de su trabajo, estos fondos los utilizara en la compra de telas, cuero, para la tapicería de muebles y vehículos, esto le ayudara para tener lo suficiente en material para realizar el trabajo de calidad.
Anteriormente Sergio solicito para comprar materiales, ya que su ingreso para subsistir lo recibe de los trabajos que realiza con la tapicería.

Previous Loan Details

Sergio is married living with his wife. He has three children who are 36, 39 and 40 years old; each has their own house. He upholsters wood furniture and cars. He’s been in business 21 years and works every day from 7am until 3pm. At present, he needs to buy fabric, paint and glue to… More from Sergio'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
  • 622
    View loans »
    El Salvador Loans Fundraising
  • $22,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Sergio to purchase fabric and leather to upholster furniture and vehicles.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Mar 11, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 16, 2012
This photo was used before for a previous loan for Sergio. It was first posted on Kiva on Aug, 2011. Learn More