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Salvador Emilio

Update on Salvador Emilio

Padlocks hung in order of size, different brands of TV remote controls wrapped in red and green packaging, different types of light bulbs, and other products festoon Salvador's hardware store. Salvador is a 61-year-old businessman who has stayed on the cutting edge of household products, thanks to an earlier loan from Kiva partner MiCredito. With the earlier loan, he purchased eyeglasses, buckles, screwdrivers, belts, etc. to improve his business.

He is the father of three children whom he takes care of with his wife and who always help him with the family business. Salvador has a secondary school education. He has been a businessman for 18 years and has an entrepreneurial spirit that has taken him far. Nevertheless, he thinks that the time has come to invest in his business, which is why he is requesting a loan to purchase merchandise: TV remote controls, batteries, cables, eyeglasses, etc. This will allow him to grow his inventory to continue offering the best products and meeting the needs of his customers. His goal is to continue working hard and providing the best service.
View original language description ↓
Candados colocados por orden de tamaño, controles de televisores de diferentes marcas se cubren bajo envolturas de colores rosados y verdes, bombillos de distintos estilos, entre otros productos, arreglan la ferretería de Salvador, un comerciante de 61 años, quien se ha mantenido a la vanguardia en los productos del hogar gracias a un préstamo anterior de MiCrédito-KIVA, donde compró anteojos, hebillas, desarmadores, correas, etcétera para mejorar su negocio.
Padre de 3 hijos, de los cuales está a cargo junto a su pareja y quienes lo apoyan siempre en el negocio familiar. Salvador tiene un nivel académico de secundaria, es comerciante por 18 años y posee un espíritu emprendedor que lo ha llevado lejos. No obstante, piensa que es momento de volver a invertir en su negocio, por lo que solicita un préstamo para comprar mercadería: controles de televisión, baterías, cables, anteojos, entre otros objetos que le permitirán incrementar su inventario, seguir ofreciendo los mejores productos y complaciendo las necesidades de sus clientes. Su meta es seguir trabajando fuerte y proporcionando un mejor servicio.

Previous Loan Details

Salvador is a simple man. Born in Nueva Segovia, he is 59 years old, married, and has three children. He is a businessman and sells a variety of products. He began his business fifteen years, selling items in the street. Then after much sacrifice and effort, he used his savings to open a busin... More from Salvador Emilio'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 Nicaragua

  • $3,636
    Average annual income
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,068,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Salvador Emilio to purchase TV remote controls, batteries, cables, eyeglasses, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2014
Listed
Jun 26, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 19, 2015