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David Orlando

Update on David Orlando

David needs to invest in his business, that is why is he requesting a new loan. This will help him improve the work he does by allowing him to buy a machine for cutting iron and other materials, such as sheet metal and wires. David explains that his previous loan helped him to obtain the necessities for his business. Having these resources to continue working, he has been able to improve his family's financial situation.
View original language description ↓
David, tiene la necesidad de invertir en el negocio, por eso solicita un nuevo préstamo para la compra de una máquina para cortar hierro y otros materiales como lamina, hierro y alambres, estos materiales le ayudaran a realizar mejor su trabajo.
Él manifiesta que el crédito anterior le ayudo para tener lo necesario en el negocio, contando con los recursos para seguir trabajando, en su familia sus circunstancias económicas han mejorado.

Previous Loan Details

David is applying for a new loan in order to buy merchandise. He believes that thanks to last funding, his business improved and he had more merchandise available to meet his customers demand. His investment will be in buying iron of different sizes, plates and paint to keep making doors and... More from David Orlando'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
  • 735
    View loans »
    El Salvador Loans Fundraising
  • $27,041,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped David Orlando to buy a machine for cutting iron, sheet metal, and wires.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Jan 2, 2013
Currency Exchange Loss:
Dec 17, 2013