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Marvin

Update on Marvin

Marvin is asking for a loan so that he can continue in his milk product business. He will use the money to buy a freezer to keep an inventory of his products, since he will be able to keep them fresh longer.

He used the money from the previous loan to improve his business and he had good sales and his customers were satisfied with his products. The income he received allowed him to provide the basic needs for his family.
View original language description ↓
Marvín, solicita un préstamo para poder continuar en el negocio de lácteos, en esta ocasión comprara un frízer para mantener mejor el inventario de los productos, ya que estará teniéndolos frescos con mayor duración.

Con el préstamo anterior le ayudo a que el negocio mejorara, logrando tener buenas ventas y que sus clientes estuvieran satisfechos con los productos que provee, en su familia considera que los ingresos que ha recibido por las ventas han subsanado sus necesidades básicas.

Previous Loan Details

Marvín sells dairy products. He lives together with his wife and son. This business was born a year ago and Marvín works Monday to Saturday. He had to learn on his own about it, since he needed a source of income for his family. He is now requesting a loan to buy different types of cheese and ... More from Marvin'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
  • 654
    View loans »
    El Salvador Loans Fundraising
  • $26,132,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Marvin to buy a freezer.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Marvin. It was first posted on Kiva on Dec, 2012. Learn More