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Sergio

Update on Sergio

Sergio invested his previous loan in materials to supply his furniture and vehicle upholstery business. He continued producing client orders, his income is improved, he maintained a good credit record, and is blessed with better circumstances in his family life.

Sergio is asking for a new loan to buy fabric, leather, foam, boards, glue, etc., so he will be supplied with the raw materials he needs for his work.
View original language description ↓
Sergio, invirtió en préstamo anterior en compra de materiales para surtir el inventario de la tapicería de muebles y vehículos, con lo que se ha mantenido elaborando los encargos de sus clientes, sus ingresos son mejores, su buen record crediticio se mantiene y brinda mejores circunstancias de vida a su familia.
El Sr.: Sergio solicita un nuevo crédito para comprar telas, cuero, espuma, tablas, pegamento, etc., así estará abastecido de la materia prima con la que realiza sus trabajos.

Previous Loan Details

Sergio is requesting a new loan because he believes it will help him to develop his business. He will use the funds to purchase fabric and leather to upholster furniture and vehicles. The loan will help him to have sufficient materials to do quality work. Earlier, Sergio requested a loan to… More from Sergio'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
  • 610
    View loans »
    El Salvador Loans Fundraising
  • $22,166,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Sergio to buy fabric, leather, foam, boards, glue, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2014
Listed
Mar 21, 2014
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014