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Santos Salvador

Update on Santos Salvador

Santos is requesting a loan so he can continue to invest in his business, as these loans have been a strong source of income. They have enabled him to buy manure and prepare the earth. The loan he received previously helped him increase his supplies and obtain more income, which helped him optimize his business and offer a better quality of life to his family. As a result, his family life has improved, as has his economic situation.
View original language description ↓
Santos, solicita un nuevo préstamo por la necesidad de seguir invirtiendo en el negocio, ya que los préstamos son una fuente fortalecedora para generar ingresos; este le permitirá comprar abono y asimismo para la preparación de la tierra.
El crédito anterior le ayudo a incrementar sus inventarios y obtener mayores ingresos; este le ayudo a optimizar el negocio, ofreció una mejor calidad de vida a su familia, ya que las circunstancias familiares han mejorado y también las condiciones económicas.

Previous Loan Details

Santos is 45 years old, married, and has two children who are currently in school. He is a farmer who grows basic grains and also raises cattle. He learned this business from his parents and has been working in it for more than 20 years. Santos is requesting a loan to buy seeds and fertili... More from Santos Salvador'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
  • 785
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Santos Salvador buy manure and prepare the earth.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 18, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Santos Salvador. It was first posted on Kiva on Nov, 2012. Learn More