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Update on Lorenzo

Due to the upcoming season, Lorenzo is requesting a loan to invest in a shipment of dulce de panela (brown sugarloaf/raw cane sugar), basic grains, rice, beans and coffee. He decided to take out a loan in order continue growing his business and generating more income to pay for his family's necessities. This would also allow him to save money for any emergencies that may come up.
View original language description ↓
Lorenzo, debido a la temporada que se acerca está solicitando un préstamo para invertirlo en la compra de un flete de dulce de panela, también granos básicos a arroz, frijoles, café, esta decisión se debe a su deseo de seguir creciendo y generando mayores ganancias para solventar las necesidades su familia, permitiéndole tener mayor disponibilidad de dinero para cualquier emergencia.

Previous Loan Details

Lorenzo lives in the town of Corinto in the Salvadoran "departamento" of Morazan. He lives with his wife and son. Don Lorenzo and his family operate a business selling "dulce de panela"--a sugar-based food product that is a main ingredient for some local deserts--and everyday commodities. He w... More from Lorenzo'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
  • 546
    View loans »
    El Salvador Loans Fundraising
  • $31,854,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Lorenzo buy dulce de panela (brown sugarloaf), rice, beans and coffee.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 10, 2011
Dec 6, 2011
Currency Exchange Loss:
Mar 18, 2013
This photo was used before for a previous loan for Lorenzo. It was first posted on Kiva on May, 2011. Learn More