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Joaquin Alberto

Update on Joaquin Alberto

Joaquin needs a new loan because he requires more working capital for his business. This will allow him to buy shrimps, lobster, and a variety of fresh fish.

The previous loan helped him to invest in the business and he managed to acquire more merchandise. His economic conditions have improved and his family remains the same.
View original language description ↓
Joaquin, se le presenta la necesidad de un nuevo préstamo porque requiere de más capital de trabajo para su negocio; este le permitirá comprar camarones, langosta, diversidad de pescado fresco.
El crédito anterior le ayudo a invertir en el negocio y logro adquirir más mercadería; las condiciones económicas han mejorado y su grupo familiar se mantiene.

Previous Loan Details

Joaquín has a business selling seafood. He learned this trade with some friends. He lives in the family home along with his wife, who is a dressmaker. They currently have no children. Joaquín is requesting a loan to invest in the purchase of lobsters, shrimp and a variety of fish, because t... More from Joaquin Alberto'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.

Tags

About El Salvador

  • $7,500
    Average annual income
  • 806
    View loans »
    El Salvador Loans Fundraising
  • $25,672,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Joaquin Alberto to buy shrimps, lobster, and a variety of fresh fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Joaquin Alberto. It was first posted on Kiva on Aug, 2012. Learn More