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Juan Francisco

Update on Juan Francisco

Juan wants to make another purchase of scrap metal and materials for his metal shop, like different sizes of iron. This will help him to continue on strong with his business.

He will make this investment with a new loan. He hope this will allow him to improve the availability of these materials. He believes he is in better conditions as his customer base has grown.
View original language description ↓
Juan, desea realizar una nueva compra de chatarra y material para el taller de estructura como hierro de diferentes medidas, esto le ayudara para continuar firme en su negocio, esta inversión la realizara a través de un nuevo préstamo, con el cual espera mejorar la disponibilidad de material.
Él considera estar en mejores condiciones, y que ha crecido en clientela.

Previous Loan Details

Juan manages a workshop of metal structures and also sells scrap metal. He lives with his wife and his 15-year old daughter. He has run this business for many years after inheriting it from his father, who also bought and sold scrap metal. Juan now seeks this credit to buy additional metal inv... 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
  • 663
    View loans »
    El Salvador Loans Fundraising
  • $26,134,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Juan Francisco to buy scrap metal and materials for his metal shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 13, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 16, 2012
This photo was used before for a previous loan for Juan Francisco. It was first posted on Kiva on Jul, 2011. Learn More