Update on RigobertoRigoberto has decided to take out another loan, which he needs to launch a new business and activity. He will buy a compressor and a pump to install a car wash. This will allow him to increase his income, because he will not depend solely on the taxi. Thanks to these loans he will be more and more successful. He considers that he has had a positive experience with the loan program and therefore he decided to apply for a new one.
Él considera haber tenido una experiencia positiva con el préstamo, por esto se decidió a obtener un nuevo.
Previous Loan DetailsRigoberto lives with his children and wife and devotes himself to providing taxi services. He has been providing this service for almost six years and works every day from 5 a.m. until 7 p.m. He started in the business by his own initiative and now has regular customers. He is seeking a loan ... More from Rigoberto'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
668View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Jan 11, 2012
- Feb 9, 2012
- Currency Exchange Loss:
- Dec 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.