Update on Edwin AlexanderEdwin is asking for a new loan to stock his store with merchandise. His goal is to always have the products that his customers want, to satisfy their taste and improve his sales and income for his family. He will purchase detergents, non-perishable goods like canned goods, rice, beans, sugar, instant coffee, instant soups, and other things.
He is grateful for the support that helps him strengthen his business and so far has been very punctual in his payments.
El está agradecido por este apoyo que le permite fortalecer su negocio y hasta el momento ha sido muy puntual en sus pagos.
Previous Loan DetailsEdwin lives only with his grandmother. He has a store selling home use items like tooth paste, soap, detergent, non-perishable food items, among others. The business has been in operation several years. It’s been stable and to date has provided what's needed to meet his expenses. He needs to… More from Edwin Alexander'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
- 14 months (Additional Information)
- Repayment Schedule
- Nov 9, 2011
- Dec 5, 2011
- Currency Exchange Loss:
- Jul 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.