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Sandro Ernesto

Update on Sandro Ernesto

Sandro needs a new loan in order to support his working capital needs for his work repairing automobiles. This investment will help him to buy the necessary materials he needs such as paint and caulking among others.

Sandro tells that his previous loan enabled him to aquire the materials to repair the vehicle that he currently has for sale. With his work he continues to support his family.
View original language description ↓
Sandro, requiere de un nuevo préstamo porque necesita más capital de trabajo, ya que estos son una fuente favorable de ingresos; esta inversión le ayudara a comprar la materia prima necesaria, tales como: pintura, macilla, base, entre otros.
Cuenta el Sr. Sandro que el crédito anterior le ayudo porque logro adquirir los materiales para reparar el vehículo que hoy en día tiene a la venta; se mantiene el mismo grupo familiar.

Previous Loan Details

Sandro owns a bodywork and paint shop. He lives in his grandmother's house with his wife and 2-year-old daughter. Sandro's mother lives in the United States and helps him, but not consistently. Sandro opened his business five years ago. He learned this trade in high school. Now, he is very we... More from Sandro Ernesto'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
  • 782
    View loans »
    El Salvador Loans Fundraising
  • $25,654,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Sandro Ernesto to buy paint, caulking, and other products for auto repairs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Sandro Ernesto. It was first posted on Kiva on Mar, 2013. Learn More