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Luis Manuel

Update on Luis Manuel

Luis decided to request another loan in order to buy vegetables to re-stock his business. During the holidays, demand for his products greatly increases, so he plans to buy more tomatoes, onions, meat, sodas, juices, and other basic food items. Luis fared very well with his previous loan; his sales increased, as did his earnings. Because of this, he was able to provide for his family. He hopes to be able to offer them a better quality of life.

Luis will also continue to work doing auto repairs in his shop, which serves as an additional source of income for his family.
View original language description ↓
Luis, se decidió por un nuevo préstamo para la compra de verduras para fortalecer el negocio, porque está en las festividades y la demanda aumenta, se comprara tomates, cebollas, carnes, gaseosas, jugos y otros productos de primera necesidad.
Él tuvo un efecto positivo con el préstamo anterior, mejoro sus ventas y los ingresos para trabajar y proveer lo necesario a su familia, su intensión es ofrecer una mejor calidad de vida con la familia, tambien sigue realizando reparaciones en su taller de mecanica, que es un ingreso adicional para la economía familiar.

Previous Loan Details

Luis lives with his wife, but they have no children. He manages a sales kiosk and an auto repair shop. These businesses were started out of necessity so that he would have a source of income. His hours of operation are from 6:00 A.M. to 7:00 P.M. At the sales kiosk, his wife helps with attend... More from Luis Manuel'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
  • 731
    View loans »
    El Salvador Loans Fundraising
  • $29,699,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Luis Manuel to buy tomatoes, onions, meat, sodas, and juices.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 4, 2013
Jan 15, 2013
Currency Exchange Loss:
Jun 18, 2013
This photo was used before for a previous loan for Luis Manuel. It was first posted on Kiva on Nov, 2012. Learn More