Update on Juan JoseJuan needs to strengthen his business with basic products. To do so he needs a new loan to buy beans, corn, rice, and sugar. He will do this to have a variety of products for his customers.
The results that Juan has had with his previous loan have been positive. His store has grown, and it has also helped his family. With the income he got he managed to make his payments and cover the household necessities.
El efecto que Juan ha tenido con el prestamo anterior ha sido positivo, ya que ha crecido en su tienda y le ha ayudado también a su familia, de las ganancias obtenidas logro pagar las cuotas y cubrir las necesidades del hogar.
Previous Loan DetailsJuan José works and also owns a small shop. He lives with his wife, Sandra Elizabeth, his two children, Jose Aristides of 18 years old and Wilber Alexander of 16 years old, and Sandra's mother. They reside in San Carlos, a department of Morazan. He has a shop in his house where he sells basic ... More from Juan Jose'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
- 26 months (Additional Information)
- Repayment Schedule
- Mar 9, 2012
- Mar 30, 2012
- Currency Exchange Loss:
- Aug 18, 2013
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.