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Victor Manuel

Update on Victor Manuel

Víctor is seeking a new loan with the intention of supplying his business. He will buy a variety of snacks, juices, bottled water, sodas, and personal hygiene products. This will be of great benefit as he will be able to expand his business and keep himself stocked with products that are in high demand.

He reports that his previous loan helped him to maintain his inventory in this way. His sales have been very good, and because of this he has been able to cover his household expenses. However, he believes it is now necessary to invest in his business again and make sure to keep offering this high level of service to his customers.
View original language description ↓
Víctor, está solicitando un nuevo préstamo con la intención de surtir el negocio, comprándose una variedad de jugos, agua en bolsa, gaseosas, boquitas, producto de aseo personal, este préstamo será una gran ayuda para que Víctor pueda levantar nuevamente el negocio y mantener los productos de mayor demanda.
El manifiesta que el préstamo anterior le ayudó a mantener surtido el negocio, en su momento las ventas fueron abundantes de las cuales lograba sacar para el pago de los gastos del hogar, pero creía necesario en esta fecha volver a invertir para no descuidar ese del buen servicio los clientes.

Previous Loan Details

Víctor lives with his wife and children (ages 11, 9, and 6). He sells water, soft drinks, juices, and cookies. Víctor started out working at a car wash, but he later established his own business 15 years ago so that he could begin making sales. His work schedule is from 6am to 4pm. He cu... More from Victor Manuel'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
  • 653
    View loans »
    El Salvador Loans Fundraising
  • $26,134,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $750 helped Victor Manuel to buy snacks, juices, bottled water, sodas, and personal hygiene products.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
N/A
Expired:
Jul 13, 2012
This photo was used before for a previous loan for Victor Manuel. It was first posted on Kiva on Sep, 2011. Learn More