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Juan Francisco

Update on Juan Francisco

Juan has decided to take out another loan. In order to improve his business, he will buy a new camera to offer a video and photography service, and in this way provide a good service to his customers.

The previous loan helped him a lot, as he was able to install an electricity supply and they can now watch television. As a result, he has been able to enjoy a better quality of life with his family and conditions have improved from before.
View original language description ↓
Juan, se decidió de nuevo a adquirir un nuevo crédito, para que su negocio mejore comprara una cámara nueva para brindar el servicio de videos y fotografias y así darles una buena atención a los clientes. El préstamo anterior le ayudo mucho ya que logro poner la energía eléctrica y ahora ya pueden ver televisión y de esa forma han logrado vivir mejor con su familia y han mejorado las condiciones que anteriormente no tenían.

Previous Loan Details

39-year old Juan lives with his wife and two children in Jiquilisco, in the department of Usulután. He and his wife have been running their family business for ten years. The problem is that the business does not have its own electricity supply. Now they wish to use the loan to cover the expense ... More from Juan Francisco'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
  • 774
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Juan Francisco to buy a new camera.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012
This photo was used before for a previous loan for Juan Francisco. It was first posted on Kiva on Dec, 2010. Learn More