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Martin

Update on Martin

Martín wants to continue investing in his tailor shop buying fabric, thread, fasteners and buttons. With this, he’ll be in better condition to continue manufacturing his family’s clothes.

The positive effect from his previous loan was improved income, erecting a wall at home and his satisfied customers with the work he did. He also acquired a new sewing machine to improve and speed up his work.
View original language description ↓
Martin, quiere seguir invirtiendo en el negocio de la sastrería, comprara telas, hilos, boches, botones, con esto estará en mejor condición para continuar fabricando las prendas de vestir de su familia.
Su efecto positivo con el préstamo anterior le ha dado mejoras en sus ingresos, la construcción de un muro en su vivienda, y que sus clientes estén satisfechos con su trabajo realizado, tambien a adquirido una máquina de coser nueva, para mejorar y agilizar el trabajo.

Previous Loan Details

Martin lives with his wife and child. He manages a small sewing workshop and has 25 years of experience working as a tailor. Martin learned this trade when he was an assistant at another workshop. He has built up a customer base and his business enables him to provide for the needs of his fami... More from Martin'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
  • 757
    View loans »
    El Salvador Loans Fundraising
  • $25,574,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Martin to buy fabric, thread, fasteners and buttons.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012