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Joaquín

Update on Joaquín

Right now Joaquín doesn’t have enough money to buy bulk merchandise. That’s why he’s asking for a loan to buy products like cookies, candy, snacks, chocolates, and other foodstuffs which he’s now considering. That will give Joaquínn what he needs to continue doing his work.

He says that the last loan has increased his sales and has allowed him to once again request a loan. That funding has allowed him to establish himself in the business and create a better income stream, letting him to maintain his household in a more stable way.
View original language description ↓
Joaquín, no tiene por el momento el dinero suficiente para comprar de contado mercadería por mayor, es por esto que está solicitando un crédito para comprarse productos como galletas, dulces, boquitas, bombones, entre otros productos comestibles que considerará al momento de la compra, esto le dará a Joaquín lo necesario para continuar realizando su trabajo.

Manifiesta que con el crédito anterior ha incrementado sus ventas y esto le ha permitido acercarse nuevamente a solicitar un crédito, ya que estos financiamientos le ha permitido estabilizar su situación en el negocio y crear un mejor nivel de ganancias que le permiten a su hogar tener una condición más estable.

Previous Loan Details

Joaquín is 37 years old and lives in San Miguel with his two children, 8 and 16, who are students. Joaquín has worked selling candy, toys and soft drinks from a pick-up truck for four years. He works from 5am to 7pm from Monday to Saturday.

He is currently requesting a loan to buy… More from Joaquín'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
  • 616
    View loans »
    El Salvador Loans Fundraising
  • $22,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Joaquín to buy cookies, candy, snacks, and chocolates.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 28, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Joaquín. It was first posted on Kiva on Apr, 2011. Learn More