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Angel Grabiel

Update on Angel Grabiel

Ángel is asking for a loan in order to purchase materials for carpentry, like sanders, varnish, and also to pay for maintenance of his tools. This loan will help him to improve the conditions of his shop, since he will buy the necessary items and his equipment will be in optimal conditions. The previous loan allowed him to grow the business, since he obtained materials in order to meet a series of orders from his clients, orders which went well. In his family their condition remains the same. In this period his income has been stable.
View original language description ↓
Ángel, está solicitando un préstamo para la compra materiales para la carpintería, como lijas, barniz, también le dará manteniendo a las herramientas, este préstamo le ayudara a mejorar las condiciones del taller, ya que comprara lo necesario y su maquinaria estará en optimas condiciones.
El préstamo anterior le permitió crecer en el negocio, ya que obtuvo materiales para enfrentar una serie de compromisos con los clientes, con los que salió bien, en su familia sus condiciones se mantienen, y en este periodo sus ingresos han sido estables.

Previous Loan Details

Ángel owns his house where he lives with his wife and two children who are 12 and 6 years of age. He's a carpenter and his workshop is located at home. He started it 13 years ago and he works every day. He currently needs financing to buy cedar wood, adhesives, paint and plywood. This p... More from Angel Grabiel'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
  • 785
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Angel Grabiel to purchase materials for carpentry like sanders, varnish, and also to pay for maintenance of his tools.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
Jun 14, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 18, 2013
This photo was used before for a previous loan for Angel Grabiel. It was first posted on Kiva on Jul, 2011. Learn More