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Ricardo Adan

Update on Ricardo Adan

Ricardo decided to apply for a new loan because he wants to buy merchandise such as sugar, rice, oil, and more to keep his store running. His previous loan strengthened his business and increased his income, which helped him support his family and improve his living conditions.
View original language description ↓
Ricardo, se decide para un nuevo préstamo, porque quiere comprar mercadería para la tienda que ha instalado, adquiriendo productos como azúcar, arroz, aceite, entre otros que sean necesarios para seguir trabajado.
Con el préstamo anterior fortaleció el negocio, aumento su capacidad para generar ganancias, esto le ha servido para la manutención de su familia, él considera que sus condiciones están mejor que antes.

Previous Loan Details

Ricardo has opted for a new loan to buy merchandise for the store he manages; he will buy noodles, snacks, cookies, oil, beverages and juices. This loan will be very useful in order to increase merchandise. He states that the previous loan provided the cash needed to buy construction supplies and… More from Ricardo Adan'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
  • 598
    View loans »
    El Salvador Loans Fundraising
  • $21,986,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ricardo Adan to buy sugar, rice, and oil.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013