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Manfredy

Update on Manfredy

Manfredy is requesting a loan because he has an opportunity to acquire some livestock for his paddock. He will buy 3 calves to raise. His goal is to generate more income in the future with these animals.

He states that his prior loan enabled him to maintain his business. He made the investment he wanted to make, purchasing calves. With the profits that he generated from this, he has invested in his family to support them and improve their conditions.
View original language description ↓
Manfredy, está solicitando un préstamo pues tienen la oportunidad de adquirir ganado para sus potreros, se comprará tres terneros para la crianza, con el objetivo que el futuro estos le pueda generar un mayor ingreso.
El manifiesta que el credito anterior le ayudó para mantenerse en el negocio, realizó la inversión que deseaba,comprandose terneros, con el dinero que le ha generado ganancia lo ha invertido en su familia para apoyarles y mejorar sus condiciones.

Previous Loan Details

Manfredy is single, and he does not have children. He lives with his family. He has been buying and selling livestock for two years. He learned this through his own initiative. He only works four days a month as he conducts his business every Tuesday. He needs to buy livestock, which is wh... More from Manfredy'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
  • 645
    View loans »
    El Salvador Loans Fundraising
  • $25,043,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $600 helped Manfredy to buy 3 calves.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
Jun 11, 2012
Currency Exchange Loss:
N/A
Expired:
Jul 11, 2012
This photo was used before for a previous loan for Manfredy. It was first posted on Kiva on Jun, 2011. Learn More