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Manuel Antonio

Update on Manuel Antonio

Manuel is applying for another loan because he requires more working capital for his home improvement projects. This money will help him to purchase lumber and laminate to make repairs to his home.

His previous loan helped him purchase agricultural products for planting corn. He hopes to provide an even better quality of life for his family.
View original language description ↓
Manuel, se le presenta la necesidad de optar por un nuevo préstamo porque requiere de más capital de trabajo para su mejorar su vivienda; esta inversión le ayudara a comprar madera y laminas para la reparación de su casa.
El crédito anterior le ayudo a comprar los insumos agrícolas para el cultivo de maíz. Su deseo es brindarle aun mas una mayor calidad de vida a su familia.

Previous Loan Details

Manuel needs a new loan for the gathering of his harvest and to pay for the manual labor. In this way he will be able to sell a portion of his harvest and use the rest for his family´s consumption. He is motivated in this work through the previous loans. They helped him to be able to buy agri... 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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 457
    View loans »
    El Salvador Loans Fundraising
  • $23,355,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $500 helped Manuel Antonio purchase lumber and laminate.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2013
Listed
Aug 24, 2013
Currency Exchange Loss:
N/A
Expired:
Sep 23, 2013
This photo was used before for a previous loan for Manuel Antonio. It was first posted on Kiva on Jan, 2012. Learn More