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Manuel Antonio

Update on Manuel Antonio

Manuel is opting for a new loan because he needs working capital in order to continue investing in his carpentry trade. This loan will allow him to buy wood and rush (plants with cylindrical stalks) for beds and chairs. His former loan helped him to grow the business and get to know his clients, and his economic condition and family circumstances have improved.
View original language description ↓
Manuel, requiere optar por un nuevo préstamo porque necesita capital de trabajo para seguir invirtiendo en su oficio de carpintería; este le permitirá comprar madera, junco para camas y sillas.
El crédito anterior le ayudo a crecer en el negocio y darse a conocer con su clientela; las condiciones económicas y las circunstancias familiares han mejorado.

Previous Loan Details

Manuel lives with his wife and their children; he is a carpenter and he engages in creating furniture with ropes (wicker) furniture. He learned this activity when he was very young: he creates wooden chairs, tables and bed tying them with wicker. He is requesting a loan to buy wood and ropes (wi... More from Manuel 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
  • 686
    View loans »
    El Salvador Loans Fundraising
  • $28,234,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Manuel Antonio to buy wood and rush (plants with cylindrical stalks) for beds and chairs.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 4, 2013
Jun 15, 2013
Currency Exchange Loss:
Feb 17, 2014
This photo was used before for a previous loan for Manuel Antonio. It was first posted on Kiva on Dec, 2012. Learn More