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Raul Antonio

Update on Raul Antonio

Raúl saw the need to request a new loan, since he needs more working capital to continue investing in his store and bakery. This loan will help him purchase flour, sweets, drinks, vegetables, corn, and other items.

His last loan allowed him to improve his business and expand his customer base, which increased his sales. The financial conditions and circumstances of his family have improved.
View original language description ↓
Raúl, se le presenta la necesidad de optar por un nuevo préstamo, ya que requiere de más capital de trabajo para continuar invirtiendo en la tienda y panadería; esta compra le ayudara a adquirir harina, golosinas, bebidas, verduras, maíz, entre otros.
El crédito anterior le permitió mejorar el negocio y aumentar su clientela, es por ello que aumentaron sus ventas. Las condiciones económicas y las circunstancias familiares han mejorado.

Previous Loan Details

Raúl is married and enjoys his two children, ages 6 and 10 years old, and he receives no help from outside the country. He owns a small grocery store which he opens at 6:00 AM until 4:00 PM. He started the business in order to obtain income to support his family. The loan he needs will permit hi... More from Raul 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.

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About El Salvador

  • $7,500
    Average annual income
  • 702
    View loans »
    El Salvador Loans Fundraising
  • $26,152,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $500 helped Raul Antonio to purchase flour, sweets, drinks, vegetables, corn, and other items.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
N/A
Expired:
Sep 29, 2013
This photo was used before for a previous loan for Raul Antonio. It was first posted on Kiva on Jul, 2013. Learn More