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Victor Manuel

Update on Victor Manuel

Victor needs a new loan so that he can repair one of his sewing machines since some of the parts are broken.

His previous loan helped him increase his productivity and buy materials for the maintenance of his machines. His family situation has changed since he has been able to give his children a better education and earn more for his household.
View original language description ↓
Víctor, requiere de un nuevo préstamo, por la necesidad de reparar una máquina, ya que algunas partes de ella se han dañado.
Con el crédito anterior le ayudo a mejora su productividad y para comprar material para mantenimiento de sus máquinas. Las condiciones familiares han cambiado ya que le ha permitido darle una mejor educación a sus hijos e ingresos económicos para el hogar.

Previous Loan Details

Víctor lives with his wife. He’s divorced and has a son from his former marriage that he’s watches over and helps. Víctor is a tailor; the business arose more than 20 years ago but it’s been his own for the last 13 years. It’s a stand in the market and he learned it by taking tailoring cours... More from Victor Manuel'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
  • 740
    View loans »
    El Salvador Loans Fundraising
  • $26,305,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Victor Manuel to pay for repairs on his sewing machine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Victor Manuel. It was first posted on Kiva on Dec, 2012. Learn More