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Jose Manrique

Update on Jose Manrique

José has continued to work both in the sale of seafood and at his car shop. He is requesting a new loan to invest in fresh products such as seafood and fish, and also to invest in spare vehicle parts, such as bulbs and spark plugs, among other accessories that will allow him to keep working as a mechanic. He believes that he has been working a lot these past months and this has given financial ease to his family.

The previous loan had a positive effect on him as it allowed him to have the necessary resources to do a good job. In his family, everyone is doing well. However, José feels that the profits from his businesses have been falling. This has given him the initiative to invest more time in the sale of seafood, which will allow him to increase his income.
View original language description ↓
José, continúa trabajando en la venta de mariscos, también en el negocio con su taller, está solicitando un nuevo préstamo para poderlo invertir en algunos productos frescos como son camarones y pescado, también invertirá en repuestos para la reparación de vehículos como luces, bujías y otros accesorios que le permitan continuar trabajando como motorista, él considera que se ha mantenido trabajando en estos meses y eso le ha dado la facilidad económica para su familia.

Ha tenido un efecto positivo con el préstamo anterior, ya que le permitió los recursos necesarios para realizar un buen trabajo y en su familia todos se encuentran bien y considera que ha reducido un poco las ganancias dándole la iniciativa de dedicar más tiempo a la venta de mariscos para poder crecer nuevamente en sus ingresos.


Previous Loan Details

José lives with his wife and one son. He works in a metal workshop that creates metal frames and he also lends his services as a driver. He started as an apprentice and then later began establishing his own business of constructing metal frames. He bought his own car and has 2 years of experie... More from Jose Manrique'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
  • 659
    View loans »
    El Salvador Loans Fundraising
  • $24,200,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $525 helped Jose Manrique to buy shrimp and fish.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Jose Manrique. It was first posted on Kiva on May, 2012. Learn More