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Ricardo Antonio

Update on Ricardo Antonio

Ricardo is faced with the need for a new loan because he needs more working capital to strengthen his business. He attributes this to the good service PADECOMSM is providing him.

He will use the new loan to purchase tires, patches and fuses, among other items. The previous loan helped him to improve his earnings and service some tools. His family’s economic conditions and circumstances have optimized.
View original language description ↓
Ricardo, se le presenta la necesidad de un nuevo préstamo por lo que requiere de más capital de trabajo para fortalecer el negocio y por la buena atención que la Institución le brinda; este le permitirá comprar llantas, parches, mechas, entre otros.
El crédito anterior le ayudo a mejorar los ingresos y darle mantenimiento a algunas herramientas; las condiciones económicas y las circunstancias familiares se han optimizado.

Previous Loan Details

Ricardo lives with his mother, 80, and with his wife and a daughter, 7. The entire family depends on him. His job is a carwash and tire repair. He works every day. He has one employee and has had the business for seven years. He's requesting a loan to buy six pairs of tires for his busines... More from Ricardo Antonio'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
  • 761
    View loans »
    El Salvador Loans Fundraising
  • $26,201,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $500 helped Ricardo Antonio to purchase tires, patches and fuses, among other items.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
N/A
Expired:
Jul 4, 2013
This photo was used before for a previous loan for Ricardo Antonio. It was first posted on Kiva on Dec, 2012. Learn More