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Víctor Giovanny

Update on Víctor Giovanny

Víctor needs to continue growing and succeeding. He wants to invest in the lubricant business. That is why he has been motivated to get a new loan. He will use the loan to invest in lubricants for automobiles. This will help him to maintain a stable business. This is necessary in order to keep his customers satisfied.

The previous loan helped him finish paying for a motorcycle. He now tends to this business, and he hopes to continue his success.
View original language description ↓
Víctor, ha tenido la necesidad de seguir creciendo y superandose, quiere invertir en el negocio de lubricantes, por esto se ha motivado por un nuevo préstamo, el cual invertirá en lubricantes para automóviles, esto le ayudara para mantener un negocio estable, lo necesario para que sus clientes se sientan satisfechos.
El préstamo anterior le ayudo a complementar el pago de una motocicleta, hoy en día se encuentra atendiendo este negocio y espera seguir superándose.

Previous Loan Details

Víctor lives with his wife and four year-old daughter. He is employed at a gas station and has been working there for one year. He uses his salary to help his wife cover their family's most urgent needs. He is now requesting a loan to buy a motorcycle, as it will help him to get from his home ... More from Víctor Giovanny'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
  • 480
    View loans »
    El Salvador Loans Fundraising
  • $23,334,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $800 helped Víctor Giovanny to buy lubricants for automobiles.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
N/A
Expired:
May 16, 2012
This photo was used before for a previous loan for Víctor Giovanny. It was first posted on Kiva on Aug, 2011. Learn More