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Santiago Antonio

Update on Santiago Antonio

Santiago is requesting a new loan because he wants to buy more products for his business such as eggs, oil, cheese, rice, snacks, cookies and other items that his customers need.
He says that the previous loan helped him get a new refrigerator, allowing his business to grow and generate higher sales. He says that up to this point, he hasn’t had any problems.
View original language description ↓
Santiago, está solicitando un nuevo préstamo, pues quiere invertir más en el negocio, comprara productos para la tienda como huevos, aceite, queso, arroz, boquitas, galletas, y otros productos que son de la necesidad de los clientes.
Él considera que el préstamo anterior le ayudo a tener nueva refrigeradora, permitiéndole crecer y generar mayores ventas, comenta que hasta el momento no ha enfrentado ningún inconveniente.

Previous Loan Details

Santiago sells basic supplies. He lives with his wife, children and a brother. Everyone in the family works. He began the business with the help of his mother. At present, his wife helps wait on customers and their hours are from 6 a.m. to 6 p.m. He is requesting a loan to buy a refrigerator,... More from Santiago Antonio'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
  • 721
    View loans »
    El Salvador Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Santiago Antonio to buy eggs, oil, cheese, rice, snacks and cookies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 16, 2012
This photo was used before for a previous loan for Santiago Antonio. It was first posted on Kiva on Sep, 2011. Learn More