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Manuel De Jesus

Update on Manuel De Jesus

Manuel is requesting a new loan so that he can invest in his sheet metal shop. He will buy iron and coal in order to carry out various jobs involving tools that are commonly used by farmers or rural people, for example machetes and cumas (a machete with a curved blade). This loan will help him to continue working and to improve his production of sheet metal.

With the previous loan he managed to buy materials for the business, which allowed him to make tools for the planting season. At the same time he increased his production of cumas. His family situation has remained stable.
View original language description ↓
Manuel, está solicitando un nuevo préstamo para poder invertir en el negocio de hojalatería, comprandose hierro y carbón para realizar los diferentes trabajos en herramientas que comunmente son utilizadas por los agricultores o personas del campo, por ejemplo cumas, machetes, este prestamo le ayudará a continuar trabajando y mejorar su producción de hojalatería.

Con el préstamo anterior logró comprar para el negocio los materiales, que le permitio elaborar herramientas para la temporada de la siembra y al mismo tiempo aumentó la producción de cumas, su condición familiar se ha permanecido estable.

Previous Loan Details

Manuel lives with his wife and his children who are adults. He works in a tin and blacksmith shop, making machetes, axes, and knives. He works daily from 5:00pm to 10:00pm. He sells his work on the weekends in the city market. Currently he is requesting a loan to purchase coal and iron in ord... More from Manuel De Jesus'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
  • 843
    View loans »
    El Salvador Loans Fundraising
  • $25,702,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $250 helped Manuel De Jesus to buy iron and coal.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2012
Listed
Jul 24, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Manuel De Jesus. It was first posted on Kiva on Nov, 2011. Learn More