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Juan Zamora

Update on Juan Zamora

Juan is requesting a loan to invest in his business. He will buy fresh products like potatoes, chilis, tomatoes and onions, which will help him to be prepared to attend to the demand in food production. This will help him because his income depends on this business, which he hopes will grow. With the previous loan he had a good experience in which he was able to pay off the installments of the loan and take care of the necessities of his home. This motivated him to continue working with loans.
View original language description ↓
Juan, solicita un préstamo para la inversión del negocio comprándose productos frescos, como papas, chiles, tomates, cebollas, que le ayudaran a estar preparado para atender la demanda en la elaboracion de comida, esto le ayudar porque sus ingresos dependen de este negocio, con el que espera crecer.
Con el préstamo anterior tuvo una buena experiencia con la que pudo cancelar las cuotas de este préstamo y cubrir las necesidades del hogar, esto el motivo para seguir trabajando con préstamos.

Previous Loan Details

Juan lives with his wife and son. He runs a dining room that offers breakfasts and lunches on a daily basis. His wife also helps him in the business. The patron saint festivities going on currently in his village are what motivated him to set up a new stall inside the fairgrounds so he can gen... More from Juan Zamora'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
  • $25,673,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Juan Zamora to buy potatoes, chilis, tomatoes, onions.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
May 27, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Juan Zamora. It was first posted on Kiva on Dec, 2011. Learn More