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Gerardo Oswaldo

Update on Gerardo Oswaldo

Gerardo needs to invest capital to service his vehicle (mototaxi). He will buy new tires and change oil and others. He does all this aiming at providing better customer service and increased security on his trips. He used the previous loan to improve his unit. His income increased so he was able to make his payments and he provided better service to his customers. He’s motivated to buy a new mototaxi and to continue to support his daughter’s schooling and to provide everything necessary at home.
View original language description ↓
Gerardo, tiene la necesidad de invertir capital para darle mantenimiento a su unidad de transporte (moto taxi), comprara llantas nuevas, le hará cambio de aceite y otros. Todo esto es con el fin de dar un mejor servicio y brindarles a sus clientes una mayor seguridad en sus recorridos. Con el crédito anterior mejoro la unidad de transporte, aumento sus ingresos con lo que pudo pagar sus cuotas y brindo un mejor servicio a sus clientes.
Está motivado por adquirir una nueva moto taxi, y así seguir apoyando a su hija en sus estudios, brindarle lo necesario en su hogar.

Previous Loan Details

Gerardo has decided to request a new loan so that he can buy parts to improve the condition of his motorcycle taxi. His expenses include fixing the electrical system, changing the oil, and replacing the tires. These updates will guarantee that he can provide good service to his customers. ... More from Gerardo Oswaldo'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
  • 714
    View loans »
    El Salvador Loans Fundraising
  • $26,152,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Gerardo Oswaldo to buy new tires and service his vehicle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015