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Rene

Update on Rene

René likes both the attention and ease of payment that the institution has offered him. In addition, he has benefited very positively from the assistance of the previous loan. He had the primary materials at his disposal in order to continue baking bread and he was able to make repairs to his car. On this occasion, he is requesting a new loan that he will use to buy eggs, flour, butter, sugar, etc. as well as to repair his motor and the body of his vehicle, which he has to use to go out and deliver the bread.
View original language description ↓
René, le gusta la atención y facilidad de pago que se le da en la institución, además los beneficios que ha tenido del crédito anterior son muy positivos, tuvo a su disposición la materia prima para continuar elaborando pan y le realizo reparaciones a su vehículo.
En está ocasión solicita un nuevo crédito que utilizara para comprar huevos, harina, manteca, azúcar, etc., así como también reparar el motor y la carrocería del vehículo en el que sale a repartir el pan.

Previous Loan Details

René requires a new loan to improve his inventory and to ease the way with which loans are granted. This investment will allow him to buy flour, sugar, also spare parts to repair vehicles and to pay off pending balances. The previous loan helped him to buy materials to make French bread and sw... More from Rene'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
  • 597
    View loans »
    El Salvador Loans Fundraising
  • $23,525,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Rene to buy eggs, flour, butter, sugar, etc., as well as repair his car motor and the body of the vehicle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2014
Listed
Mar 19, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014