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Miguel Angel

Update on Miguel Angel

Miguel is seeking a new loan so that he can invest in his business. He plans to buy a number of chicks as well as chicken feed so that he can raise the birds. This will allow him to expand his operations and to continue raising chickens.

He reports that the previous loan enabled him to obtain everything he needed to grow his business. His family's circumstances are improving, since his increased income has allowed him to create more stable conditions.
View original language description ↓
Miguel, está solicitando un nuevo préstamo para poderlo invertir en el negocio, comprándose una cantidad de pollos pequeños y concentrado para alimentarlos, esto le permitirá crecer en su granja y tener las condiciones necesarias para poder continuar en la crianza de pollos.

El manifiesta que el préstamo anterior le permitió crecer y tener lo necesario para trabajar, sus circunstancias familiares están mejorando, pues considera recibir mejores ingresos los cuales le permiten crear una condición más estable.


Previous Loan Details

Miguel lives with his wife and children. He has a poultry business, which he started himself due to the necessity of increasing his income. He doesn't have a fixed schedule. Miguel is applying for this loan to buy more chickens to raise, and later sell them; in this way, he will be able to mak... More from Miguel Angel'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
  • 643
    View loans »
    El Salvador Loans Fundraising
  • $25,023,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Miguel Angel to buy chickens and feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 17, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Miguel Angel. It was first posted on Kiva on Dec, 2011. Learn More