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Luis Alberto

Update on Luis Alberto

Luis, at the end of this year, is requesting a loan to continue his business. He will buy tomatoes, onions, cabbage, corn and pork. These are necessary to carry out his business. This will give Luis the ability to help his wife with the sale of goods.

He said that working with the loans has permitted him to stabilize his economic situation, grow his clientele with good service, and improve his living conditions.
View original language description ↓
Luis, por la temporada de fin de año, está solicitando un préstamo para darle continuidad al negocio, se comprara tomares, cebollas, repollo, maíz y chicharrón, que son los necesarios para realizar la venta, esto le dará a Luis mas capacidad ayudando a su esposa en la venta.
Él manifiesta que el trabajo con los créditos le ha permitido estabilizar su situación económica, aumentar la clientela con el buen servicio, en su hogar sus circunstancias han mejorado.

Previous Loan Details

Luis is dedicated to help his wife in the sale of pupusas (regional dish). He lives with his family. They have two children that are 8 and 4 years old. He started this business with his wife for additional income. They run it together and they tend to it everyday. He is requesting a loan to p... More from Luis Alberto'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
  • 458
    View loans »
    El Salvador Loans Fundraising
  • $23,123,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Luis Alberto to buy tomatoes, onions, cabbage, corn and pork.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Luis Alberto. It was first posted on Kiva on Oct, 2012. Learn More