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Isai

Update on Isai

Isai is opting for a new loan because he needs more working capital in order to continue investing in his business. This investment will help him to buy raw materials for making bread, such as: flour, sugar, eggs, lard, firewood, and more.

His previous loan helped him to grow in his business and have everything necessary in order to work. This is why his economic condition has improved, as well as his family circumstances.
View original language description ↓
Isai, se le presenta la necesidad de optar por un nuevo préstamo, ya que requiere de más capital de trabajo para continuar invirtiendo en su negocio; esta inversión le ayudara a comprar la materia prima para la elaboración de pan, tales como: harina, azúcar, huevos, manteca, leña, entre otros.
El crédito anterior le ayudo a crecer en su negocio y tener todo lo necesario para trabajar, es por ello que las condiciones económicas han mejorado y asimismo las circunstancias familiares.

Previous Loan Details

Isai is single and lives with his parents and siblings. He manages a bakery that he started with his family. Isai learned this work as an employee in a bakery. Once he understood the process, he decided to start his own business. He does not have a fixed schedule to make bread. He is… More from Isai'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

  • $4,900
    Average annual income
  • 656
    View loans »
    El Salvador Loans Fundraising
  • $22,066,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Isai to buy flour, sugar, eggs, lard, firewood, and more.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Isai. It was first posted on Kiva on Jun, 2012. Learn More