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Josue Abacu

Update on Josue Abacu

Josué has decided to take out a new loan to invest in his bakery business. He will buy flour, eggs, yeast and other products that he uses to make bread. He believes that, by taking out loans, the investment that he has made in his business has improved and he has made better profits.
View original language description ↓
Josué, se ha decidido por un nuevo préstamo, para poder invertir en el negocio de la panadería se comprara harina, huevos, levadura, entre otros productos, que le faciliten la producción del pan.
El considera que a través del trabajo con préstamos, la inversión que ha realizado al negocio ha sido mejor, ya que ha logrado tener mejores ganancias debido a la producción.

Previous Loan Details

Josué has decided to ask for another loan because he wants to improve his bread production. He will buy tins, wheat flour, sugar and other materials needed to make bread. This will allow Josué to continue his work and maintain a good level of sales. With the previous loan he was able to improv... More from Josue Abacu'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
  • 743
    View loans »
    El Salvador Loans Fundraising
  • $25,510,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Josue Abacu to buy flour, eggs and yeast.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014