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Pedro William

Update on Pedro William

Pedro is requesting this loan in order to stock his clothing apparel business with stylish products. He plans to purchase blouses, skirts, underwear and other clothing items in hopes of offering his customers a wide variety of merchandise.

His previous loan helped him to expand his business and offer a greater variety of clothing for people of various ages. He has been expanding his customer base and increasing the number of clients he can attend to in a given day. Though sales could be better, he is doing well with his business.
View original language description ↓
Pedro, solicita un préstamo, pues considera necesaria una nueva inversión para poder abastecer el negocio de prendas de vestir con estilo nuevo, blusas y faldas, ropa interior, ya que esta inversión le permitirá continuar ofreciendo a los clientes variedad de mercadería.

Manifiesta que el préstamo anterior le permitió crecer, teniendo un mejor surtido en ropa para diferentes edades, esto le ocasionó mejoras en el número de clientes atendidos, hasta el momento considera que sus ingresos han sido mejores.

Previous Loan Details

Pedro lives with his wife and three children. He is the only one in his family who works. He sells clothes and medicines. He learned this business when he worked as an employee in a store and then decided to set up his own business. Up to now, he hasn't had any problems and he hopes his busin... More from Pedro William'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
  • 800
    View loans »
    El Salvador Loans Fundraising
  • $25,698,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Pedro William to purchase blouses, skirts, underwear and other clothing items for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Pedro William. It was first posted on Kiva on Jul, 2011. Learn More