Update on Mario AntonioMario is currently asking for a new loan to buy more merchandise to stock his business and buy more clothes: pants, shirts and blouses to increase profits this way because he’ll have more variety to offer his customers. He used the previous loan for his other activity which is medicine sales. For the moment, he’ll invest it in this new one and buy clothes with the hope of having equal success as in the previous investment.
El prestamo anterior lo utilizo para su otra actividad que es la venta de medicinas, por el momento lo invertira este nuevo en la compra de ropa, con la esperanza de tener un exito igual a la inversion anterior.
Previous Loan DetailsMario lives in San Rafael Oriente, San Miguel Department. He is a clothes and medicine merchant. He lives with his wife and two children who are 6 and 4 years of age. He works for himself and does not have a fixed work schedule. He is asking for a loan to buy medicines, vitamins, analgesics... More from Mario Antonio's previous loan »
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
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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Sep 9, 2011
- Oct 10, 2011
- Currency Exchange Loss:
- Sep 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.