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Rafael

Update on Rafael

Rafael needs to opt for a new loan to strengthen his business; this investment will help him to buy a belt, disks, and other items to ensure that the mill is in good condition and thus offer a better service to his customers.

The previous loan helped him to improve his income and he obtained more satisfied customers. His financial conditions and family circumstances have improved to a great degree.
View original language description ↓
Rafael, se le presenta la necesidad de optar por un nuevo préstamo para el fortalecimiento del negocio; esta inversión le ayudara a comprar faja, discos, entre otros para que el molino se encuentre en buenas condiciones y asi ofrecerle un mejor servicio a los clientes.
El crédito anterior le ayudo a mejorar sus ingresos y obtuvo más clientes satisfechos. Las condiciones económicas y las circunstancias familiares han mejorado en gran medida.

Previous Loan Details

Rafael decided to apply for a new loan to makes his business stronger by doing repairs. He will buy replacement parts for the mills and gasoline for storage and to run the equipment. He expects this investment to strengthen his business. The previous loan was successful, as he has more satisfied ... More from Rafael'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
  • 687
    View loans »
    El Salvador Loans Fundraising
  • $25,123,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $525 helped Rafael to buy a belt and disks, among other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014