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Marvin Antonio

Update on Marvin Antonio

Marvin needs to opt for a new loan because loans are an income-generating source for business. This investment will help him buy five wood dining room sets and kitchen supplies.

His previous loan was positive in that it strengthened the business because he grew and was able to have everything necessary to work. Thanks to this his economic condition and family circumstances have improved.
View original language description ↓
Marvin, requiere optar por un nuevo préstamo, ya que los créditos son una fuente generadora de ingresos para los negocios; esta inversión le ayudara a comprar 5 juegos de mesa de madera y material para la cocina.
El crédito anterior fue positivo, ya que fortaleció el negocio porque logro crecer y tener todo lo necesario para trabajar, gracias a ello las condiciones económicas y las circunstancias familiares han mejorado.

Previous Loan Details

Marvin needs to invest in his business by purchasing 10 sets of tables and chairs. In addition, he will buy cooking supplies such as oil, condiments, and plastic utensils that are needed to continue with production. Marvin says that the loans have helped him and his businesses to survive s... More from Marvin 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
  • 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 $1,025 helped Marvin Antonio to buy five wood dining room sets and kitchen supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014