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Victor Manuel

Update on Victor Manuel

Víctor is requesting another loan to invest in his business. He will restock his pharmacy with new medicines to sell. Víctor plans to buy vitamins, antibiotics, painkillers, and other varieties of medicines. He relates that his previous loan helped him to expand his business and buy the merchandise necessary to work. His family's situation has been improving since his profits have increased from his sales.
View original language description ↓
Víctor, quiere un nuevo préstamo para invertir en el negocio, comprara un surtido de medicinas para salir a vender, comprara vitaminas, antibióticos, analgésicos, entre otra variedad que existe.
El considera que el préstamo anterior le permitió crecer y tener la mercadería necesaria para trabajar, su condición en la familia ha mejorado, teniendo mejores ingresos a través de las ventas.

Previous Loan Details

Victor is applying for a new loan to be able to invest in his business by buying a batch of medications, among them antibiotics, analgesics, vitamins, and serums. This loan will allow him to again invest in the stability of the business and to be able to go out to sell. With his previous loan,... 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
  • 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 $1,050 helped Victor Manuel to buy vitamins, antibiotics, and painkillers to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014
This photo was used before for a previous loan for Victor Manuel. It was first posted on Kiva on Sep, 2012. Learn More