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Jorge Alfredo

Update on Jorge Alfredo

George is asking for this new loan in order to buy electronic parts for his workshop. He would like to have the needed items in order to make the repairs requested by his customers. With the use of his loans, he is able to maintain a popular business in his neighborhood. He can continue generating income for his family, who now are enjoying a better economic situatiion.
View original language description ↓
Jorge, está solicitando un nuevo préstamo para la compra de repuestos electrónicos para el taller, ya que tener disponibilidad le permite realizar las reparaciones que demanden los clientes, él a través de estos préstamos ha logrado mantener la preferencia en el lugar y seguir generando ganancias para su familia, quienes ahora gozan de una mejor situación económica.

Previous Loan Details

Jorge lives with his wife and children. He has an electronics repair shop that he has managed for two years. Jorge learned this trade through study and now engages in this line of work to maintain his household. He repairs all types of appliances such as refrigerators, stoves, irons, and micro... More from Jorge Alfredo'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
  • 807
    View loans »
    El Salvador Loans Fundraising
  • $25,672,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Jorge Alfredo to buy parts for his workshop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 12, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Jorge Alfredo. It was first posted on Kiva on Sep, 2011. Learn More