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Victor Manuel

Update on Victor Manuel

Victor decided to take out another loan out of the need to invest again, buying fresh fruits and vegetables, as well as fish. This will allow Victor to offer better quality [products] and a greater variety of fruits, including apples and bananas, as well as onions, tomatoes, and also seafood. The previous loan helped him to increase his inventory and obtain better earnings. His family's living conditions have improved, but he needs to continue working to maintain those conditions.
View original language description ↓
Víctor, se decidió por un nuevo préstamo por la necesidad de invertir nuevamente, comprándose frutas y verduras frescas, así como tambien pescado, esto permitirá que Víctor ofrezca mejor calidad y en frutos más variedad en manzanas, bananas, cebollas, tomates, y tambien mariscos.
El crédito anterior le ayudo a incrementar sus inventarios y obtuvo mejores ingresos, sus condiciones en su familia han mejorado, pero necesita continuar trabajando para mantener las condiciones.

Previous Loan Details

Victor, 63, lives with his wife. He’s a vegetable merchant. He works Monday through Saturday from 7am until noon. His wife helps him out selling from home while he goes out to sell from place to place in the city. He needs a loan to buy potatoes, cabbage, bananas, tomatoes and other vegetab... More from Victor Manuel'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
  • 451
    View loans »
    El Salvador Loans Fundraising
  • $23,355,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Victor Manuel to buy apples, bananas, onions, tomatoes, and also seafood.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2012
Listed
Nov 8, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Victor Manuel. It was first posted on Kiva on Jul, 2012. Learn More