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Jorge Alberto

Update on Jorge Alberto

Jorge has decided to take out a new loan to keep strengthening his bread bakery. He will buy flour, eggs, sugar, jellies, and yeast. This will allow him to increase his bread production. His objective is to grow and he hopes to do it with the contribution of these loans.

The effect that his previous loan had was positive, increasing production with the materials that he bought, changing his income and his family's living condition, which are now better.
View original language description ↓
Jorge, se ha decidió por un nuevo préstamo, para seguir fortaleciendo la panadería comprara harina, huevos, azúcar, jaleas, levadura, que le permitirán elaborar una mayor producción de pan, su objetivo es crecer y espera lograrlo a través del aporte de estos préstamos.
El efecto que tuvo con su préstamo anterior fue positivo, aumentando la producción con los materiales que compro, cambiando sus ingresos y las condiciones para su familia, ahora tiene una mejor condición.

Previous Loan Details

Jorge lives with his mother and daughter. He works on his own in a bakery which his friends encouraged him to set up. Jorge is currently requesting a loan to buy flour, sugar, eggs, oil, milk and other products which he needs for making bread. This purchase will help him to have available th... More from Jorge Alberto'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
  • 442
    View loans »
    El Salvador Loans Fundraising
  • $23,095,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,025 helped Jorge Alberto to buy flour, eggs, sugar, jellies and yeast.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
N/A
Expired:
May 17, 2012
This photo was used before for a previous loan for Jorge Alberto. It was first posted on Kiva on Sep, 2011. Learn More