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Update on Rafael

Rafael decided to apply for a new loan to makes his business stronger by doing repairs. He will buy replacement parts for the mills and gasoline for storage and to run the equipment. He expects this investment to strengthen his business. The previous loan was successful, as he has more satisfied customers, and his finances have improved.
View original language description ↓
Rafael, se decidió por un nuevo préstamo, para poder fortalecer el negocio, dándole más mantenimiento, comprara repuestos para el mantenimiento de los molinos y gasolina para almacenar y encender el molino, considera que con este aporte estará mejorando su condición en el negocio.
Él tuvo un efecto positivo con el negocio, creo más clientela satisfecha con el servicio, y en su economía considera que ha mejorado.

Previous Loan Details

Rafael lives in his family home along with his mother and a brother. He does not have children. He runs a mill in his home that he operates from five in the morning until four in the afternoon. He learned how to do this with a friend and he has been doing it for six years. His customers are p... More from Rafael'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
  • 725
    View loans »
    El Salvador Loans Fundraising
  • $27,126,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Rafael to buy replacement parts for the mill and gasoline to keep it running.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Feb 5, 2013
Currency Exchange Loss:
Sep 18, 2013
This photo was used before for a previous loan for Rafael. It was first posted on Kiva on Jul, 2012. Learn More