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Walter Danilo Miguel

Update on Walter Danilo Miguel

Walter is asking for a new loan to buy merchandise for his business, buying CD and DVDs of new releases to keep up his store’s stock. Also he will buy a sack of potatoes to continue offering french fries.

He feels that the previous loan helped him have greater liquidity and grow his business. He has had a greater demand with new customers.
View original language description ↓
Walter, está solicitando un nuevo préstamo para la compra de mercadería para el negocio, comprando CD Y DVD, de nuevas producciones para mantener surtido el negocio, tambien comprara un saco de papas para tambien seguir ofreciendo papas fritas.
El considera que el préstamo anterior le ayudo para tener mayor liquidez y crecer en el negocio, ha atendido una mayor demanda con nuevos clientes.

Previous Loan Details

Walter works selling CDs and DVDs, and also french fries. He lives with his wife and other family, and they all participate in the selling. Walter learned how to manage his businesses from his mother, as he has helped her out with sales since he was a young man. He is currently requesting a ... More from Walter Danilo Miguel'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

  • $7,500
    Average annual income
  • 744
    View loans »
    El Salvador Loans Fundraising
  • $26,180,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $350 helped Walter Danilo Miguel to buy CDs and DVDs as well as potatoes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Mar 11, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Walter Danilo Miguel. It was first posted on Kiva on Nov, 2011. Learn More