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Julio Alberto

Update on Julio Alberto

Julio currently needs a new loan because he needs to expand his seafood sales now that his brother in law will also be assisting with the business. Julio will also be acquiring some tools for masonry work. This investment will help him purchase fish, shrimp, and shellfish, as well as a trowel for working in construction.

The previous loan was successful: he was able to purchase a vehicle and some spare parts. His goal is to build another home for himself and provide for his family, while continuing to grow as a micro-entrepreneur.
View original language description ↓
Julio, se le presenta la necesidad de optar por un nuevo préstamo porque requiere agregar el rubro de venta de mariscos, ya que se lo administrara su cuñado, además adquirir algunas herramientas para la albañilería; esta inversión le ayudara a comprar pescado, camarón, conchas; también una cuchara para trabajar en construcción.
El crédito anterior fue positivo, ya que logro completar la comprar de un vehículo y algunos repuestos. Su deseo es construir otra vivienda propia y brindarle ayuda a su familia; también crecer como microempresario.

Previous Loan Details

Julio, who lives with his wife and son, is a mason. He learned from his father and has experience in his work. With this business, Julio has achieved an income source to address the needs of his family. He is requesting a loan to finish paying off the purchase of a vehicle, as this will allow ... More from Julio Alberto'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
  • 594
    View loans »
    El Salvador Loans Fundraising
  • $23,937,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Julio Alberto purchase fish, shrimp, and shellfish; as well a trowel for working in construction.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Aug 25, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Julio Alberto. It was first posted on Kiva on Feb, 2012. Learn More