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Josue Abacu

Update on Josue Abacu

Josué has decided to ask for another loan because he wants to improve his bread production. He will buy tins, wheat flour, sugar and other materials needed to make bread. This will allow Josué to continue his work and maintain a good level of sales.

With the previous loan he was able to improve his financial situation and his business' prosperity. It has allowed him to have more economic stability for his family.
View original language description ↓
Josué, se ha decidido por un nuevo préstamo, ya que quiere mejorar la producción de pan, se comprará latas, harina de trigo, azúcar, otros materiales que son necesarios para la elaboración de pan, esto le permitirá a Josué continuar en su trabajo y mantener un buen nivel de ventas.

Con el préstamo anterior ha logrado mejorar su condición económica y la prosperidad en el negocio, le ha permitido tener una mejor solvencia económica para su grupo familiar.

Previous Loan Details

Josué lives with his family, his parents, and a nephew. He works as a baker, a trade that he learned by taking classes in bread-making a long time ago. He is applying for a loan to purchase basic ingredients for making bread: flour, leavening, sugar, and lard, so that with these ingredients he… More from Josue Abacu'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
  • 601
    View loans »
    El Salvador Loans Fundraising
  • $22,178,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Josue Abacu to buy tins, wheat flour, sugar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2012
Listed
Aug 18, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 20, 2013
This photo was used before for a previous loan for Josue Abacu. It was first posted on Kiva on Feb, 2012. Learn More