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Carlos

Update on Carlos

Carlos is applying for a new loan because he needs to have more working capital. He will buy fresh seafood to sell, such as fish and shrimp, which he will then sell to his customers. He hopes to have greater revenue so that he can recover his costs.

He has kept his business during this time, with which he has helped his family, by covering food expenses and improving some parts of their home.
View original language description ↓
Carlos, solicita un nuevo préstamo porque necesita tener mas capital para trabajar, comprara mariscos frescos, para la venta, como pescado, camarones, los cuales venderá a sus clientes, espera tener una mayor afluencia para sacar sus costos.
El ha mantenido su negocio en este tiempo, con el que ha ayudado a su familia, cubriendo los gastos alimenticios y mejorado algunas partes de la vivienda.

Previous Loan Details

Carlos lives with his wife and children in the family home. For three years he has sold seafood such as: fish, shrimp, punch fish and curil. He learned the trade from his parents. He has no set schedule and transports his merchandise to his customers by bicycle. He will use the loan to buy mor... More from Carlos'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
  • 783
    View loans »
    El Salvador Loans Fundraising
  • $25,635,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Carlos to buy fresh seafood, such as fish and shrimp.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Carlos. It was first posted on Kiva on Dec, 2011. Learn More