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Rigoberto Ernesto

Update on Rigoberto Ernesto

Rigoberto has decided to request a new loan to buy a tool that will help him improve his clothing production. He wants to buy a sewing machine and different colored fabric to improve and stabilize his sewing business. He feels his situation has improved and he is in good health to continue working alongside his wife.
View original language description ↓
Rigoberto, se ha decido por un nuevo préstamo, para comprarse un herramienta que le ayude a mejorar su producción de ropa de vestir, comprándose una máquina de coser y tela de diferentes colores, para mejorar y estabilizar el taller de costura.
Él considera que su condición ha mejorado y está gozando de buena salud para continuar trabajando con su esposa.

Previous Loan Details

Don Rigoberto, age 60, is a hardworking gentleman who produces clothing at his tailoring workshop. He resides with his wife in El Transito, Department of San Miguel, and they manage their business together. Their children already have their own families.

Don Rigoberto learned this busines... More from Rigoberto Ernesto'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
  • 644
    View loans »
    El Salvador Loans Fundraising
  • $25,017,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $325 helped Rigoberto Ernesto to buy a sewing machine and different colored fabric.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2012
Listed
Mar 27, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 16, 2012
This photo was used before for a previous loan for Rigoberto Ernesto. It was first posted on Kiva on Oct, 2010. Learn More