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Napoleon

Update on Napoleon

Napoleón has requested a new loan as he needs to invest in his business. He plans to buy wholesale corn to resell. This will help him to have a job and a source of income, which he hopes to use to repay this loan and help his family.


He thinks that his former loan helped him to obtain good income and strengthen his business. His conditions have improved, as he now has higher income.
View original language description ↓
Napoleón, está solicitando un nuevo préstamo porque tiene la necesidad de invertir en el negocio, comprara al por mayor maíz, para revender, esto le ayudara para tener trabajo y una fuente de ingreso de la cual pagara las cuotas de este préstamo y le ayudara a su familia.
El considera que con el préstamo anterior pudo obtener buenos ingresos y fortaleció el negocio, sus condiciones han mejorado, teniendo mayores ganancias.

Previous Loan Details

Napoleon lives with his wife and they work together selling staple grains. They don't have a set schedule to see to their business and at the moment they want to buy merchandise to increase their inventory. He is asking for a loan to buy corn, as they want to have enough for a long period of ... More from Napoleon'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
  • 814
    View loans »
    El Salvador Loans Fundraising
  • $25,698,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,025 helped Napoleon to purchase wholesale corn.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2012
Listed
May 18, 2012
Currency Exchange Loss:
N/A
Expired:
Jun 17, 2012
This photo was used before for a previous loan for Napoleon. It was first posted on Kiva on Oct, 2011. Learn More