Update on William HeribertoWilliam needs another loan again because he’ll use it to pay educational costs for a niece. His goal is that she gets ahead with her studies and becomes a professional in the future. The previous loan helped him a lot to cover schooling costs and to have resources available to help his family with what they need. This new loan is to pay the final secondary school tuition fees for his niece.
Este nuevo prestamo es para pagar las ultimas colegiaturas de la secundaria, de su sobrina.
Previous Loan DetailsWilliam is an employee. He is single and lives with his mother and sister. This young man works for the council. He has been working for six years and is a big support to his family, covering some of their household expenses. William currently needs to cover his sister's education expenses.… More from William Heriberto'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
- 9 months (Additional Information)
- Repayment Schedule
- Oct 19, 2011
- Nov 8, 2011
- Currency Exchange Loss:
- Mar 16, 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.