Update on Luis AntonioLuis needs a loan again, in order to invest it in his business. This is due to the December/January season. He will buy merchandise such as blankets, curtains, DVDs, and CDs, taking advantage of the Christmas season. His earnings will be better, because he is improving his sales.
Luis has had a good experience with these loans, as they have helped him invest in better-selling items, so that the business is more profitable. This has also benefitted his family.
Luis ha tenido una buena experiencia con estos prestamos pues le ayudaron para invertir en artículos de mayor venta para que el negocio sea más rentable, esto tambien ha beneficiado a su familia.
Previous Loan DetailsLuis lives with his wife and son. He sells blankets, bedspread sets, curtains and other household textiles. The business was started on his own initiative and he has experience. He has no fixed work schedule to attend to customers. He is requesting a loan to buy merchandise for his business... More from Luis 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
- 14 months (Additional Information)
- Repayment Schedule
- Dec 20, 2011
- Jan 6, 2012
- Currency Exchange Loss:
- Jun 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.