Update on Willian HumbertoWillian is applying for a new loan, because the previous one helped him to invest in the business. This time, he will buy more new women's, men's and children's clothing, so that he can go out and sell it, with the hope of having better sales.
The previous loan helped him keep his business stocked, attracting more customers. His family income has been better, and he hasn't faced any problems.
El préstamo anterior le ayudo a tener surtido el negocio, atrayendo a más clientes, sus ingresos familiares han sido mejor, no ha enfrentado ningún problema.
Previous Loan DetailsWillian lives with his wife and son. Willian is the only one who is employed in the house, and he sells clothing, as well as natural and chemical vitamins. He started this business because some friends encouraged him, and nowadays he does it door to door, with no fixed hours. He is applying… More from Willian Humberto'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
625View loans »
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Mar 28, 2012
- Apr 17, 2012
- Currency Exchange Loss:
- May 17, 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.