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Pedro Adolfo

Update on Pedro Adolfo

Pedro wants to continue improving the service he provides to his customers at his “pupusa” (a tortilla stuffed with various fillings) stall. Therefore, he is requesting capital in order to buy corn, oil, beans, cheese, pork, cabbage, and other supplies. These are the items that he needs to continue working without any limitations.

With his previous loan, Pedro was able to improve his service and expand his business. As a result, he was able to improve his financial situation, settle his debts, and provide a better quality of life for his family.
View original language description ↓
Pedro, con el fin de seguir mejorando el servicio que da a sus clientes en la pupusería que tiene; solicita capital para comprar maíz, aceite, frijoles, quesillo, chicharrón, repollo y otros, que le sirven para tener la materia prima necesaria y seguir trabajando sin limitantes.
Con el préstamo anterior mejoro el servicio, amplio el negocio, su situación económica ha mejorado, saldo deudas y da a su familia mejor calidad de vida.

Previous Loan Details

Pedro has a food stall and pupusa stand. He is married and has two children (ages 16 and 17) who are dependent on him. Pedro does not have any relatives who live abroad.

The reason why he started his business was so that... More from Pedro Adolfo'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
  • 463
    View loans »
    El Salvador Loans Fundraising
  • $23,095,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $425 helped Pedro Adolfo to buy corn, oil, beans, cheese, pork, cabbage, and other supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014
This photo was used before for a previous loan for Pedro Adolfo. It was first posted on Kiva on Mar, 2013. Learn More