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Gerber Antonio

Update on Gerber Antonio

Gerber needs to invest more capital in his carpentry business. That is why he is applying for another loan, to purchase cedar and olive wood and some tools such as a plane, an electric circular saw, and other items that will allow him to produce his work better. He comments that thanks to the past loan, he was able to generate more earnings to pay the family expenses. His economic situation has improved because he covers his needs and step by step he is growing and giving good service in the furniture factory and in special work preformed in homes.
View original language description ↓
Gerber, necesita invertir más capital en su negocio de carpintería, es por eso que está solicitando nuevamente un préstamo para la compra de madera de cedro, aceituno, y algunas herramientas como cepilladora, cierra eléctrica circular y otras que le permitan elaborar mejor su trabajo.
El comenta que gracias al préstamo anterior pudo generar más ganancias para pagar gastos familiares, económicamente a mejorado porque cubre sus necesidades y paso a paso va creciendo y dando buen servicio con la fábrica de muebles y trabajos particulares a domicilio.

Previous Loan Details

Gerber lives with his family in the family home. He’s currently divorced but covers the expenses of his two children who are 17 and 14 years old. He’s had a carpentry shop for five years. He manufactures chairs and tables and his work schedule is 8am to 6pm He’s asking for a loan to buy s... More from Gerber Antonio'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
  • 750
    View loans »
    El Salvador Loans Fundraising
  • $26,264,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Gerber Antonio to buy cedar and olive wood, a plane, and an electric circular saw.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2012
Listed
Oct 25, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Gerber Antonio. It was first posted on Kiva on May, 2012. Learn More