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Juan Carlos

Update on Juan Carlos

Juan decided to apply for a new loan because he wants to repair some houses, as part of his business. He needs to invest in more than just the roofing, and with the money from this loan he will purchase tiles and wood to complete the repairs. This will enable him to continue his business and provide good service to his customers.

Juan believes that the previous loan was a good opportunity for his professional and personal development and growth.
View original language description ↓
Juan, está decidido por un nuevo préstamo, ya que quiere reparar algunas viviendas, como parte de su negocio, invirtiendo más que todo el techo, por eso comprara con el dinero de este préstamo teja y madera, para hacer las reparaciones respectivas, dando continuidad al negocio y al servicio de los clientes.
Él considera que el préstamo anterior fue una buena oportunidad para desarrollo y crecimiento de él y su trabajo.

Previous Loan Details

Juan, is a builder of metal structures. Juan lives with his wife and four children. He gets his work through project contracts, for example: home remodeling including houses to be put on the market and new roofs, doors and windows. He has his own clients as well. For now, Juan needs the loan… More from Juan Carlos'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

  • $4,900
    Average annual income
  • 639
    View loans »
    El Salvador Loans Fundraising
  • $22,133,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Juan Carlos to purchase tiles and wood.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 11, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012
This photo was used before for a previous loan for Juan Carlos. It was first posted on Kiva on Jun, 2011. Learn More