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Manuel Armando

Update on Manuel Armando

Manuel wants to continue offering express taxi trips and is requesting a loan to pay for the maintenance of the motor, brakes, and tires of his moto taxi. This will help him to keep his vehicle in good condition to transport his customers. With the previous loan, he earned more money from his transportation business, he maintained a good amount of customers, and was able to take more money home to cover household expenses.
View original language description ↓
Manuel, quiere continuar realizando viajes exprés, solicita un préstamo para poder pagar el mantenimiento del motor, frenos y llantas, esto le permitirá tener en mejores condiciones su vehículo para transportar a los clientes.
Con el préstamo anterior, él considera que sus ingresos por la prestación de transporte aumento, manteniendo un buen número de clientes, en su familia su aporte aumento para cubrir las necesidades en su hogar.

Previous Loan Details

Manuel is married and has no children. He has been a taxi driver for a long time. He makes express trips and works from 6:00 am to 7:00 pm. He is requesting a loan because he needs to provide maintenance for his moto taxi and he does not have the money to do so. For this reason, he has turned to... More from Manuel Armando'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
  • 605
    View loans »
    El Salvador Loans Fundraising
  • $28,030,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Manuel Armando to pay for the maintenance of the motor, brakes, and tires of his moto taxi.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 8, 2013
Feb 25, 2013
Currency Exchange Loss:
Nov 17, 2013
This photo was used before for a previous loan for Manuel Armando. It was first posted on Kiva on Oct, 2012. Learn More