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Update on Rigoberto

Rigoberto has decided to take out another loan, which he needs to launch a new business and activity. He will buy a compressor and a pump to install a car wash. This will allow him to increase his income, because he will not depend solely on the taxi. Thanks to these loans he will be more and more successful. He considers that he has had a positive experience with the loan program and therefore he decided to apply for a new one.
View original language description ↓
Rigoberto, se ha decidido por otro préstamo, el cual lo necesita para iniciar un nuevo negocio y ocupación, comprara un compresor y una bomba para la instalación de un lavado de vehículo, esto le permitirá mejorar sus ingresos, ya que no dependera solamente del taxi, a través de estos préstamos ira superándose poco a poco.
Él considera haber tenido una experiencia positiva con el préstamo, por esto se decidió a obtener un nuevo.

Previous Loan Details

Rigoberto lives with his children and wife and devotes himself to providing taxi services. He has been providing this service for almost six years and works every day from 5 a.m. until 7 p.m. He started in the business by his own initiative and now has regular customers. He is seeking a loan ... More from Rigoberto'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
  • 489
    View loans »
    El Salvador Loans Fundraising
  • $31,339,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rigoberto to buy a compressor and a pump to install a car wash.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 11, 2012
Feb 9, 2012
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Rigoberto. It was first posted on Kiva on Aug, 2011. Learn More