Update on Jose EliseoJosé wants to improve his car wash business. He is requesting a new loan to invest in the purchase of items for cleaning cars such as air fresheners, silicone, detergents, and other supplies used for washing vehicles.
With his previous loan, José was able to improve service by purchasing a machine for washing vehicles. This streamlined his service and gave him the opportunity to grow his business.
Con el préstamo anterior logro mejorar la atención comprándose una máquina para lavar vehículos, agilizo el servicio y le dio la oportunidad de crecer con el negocio.
Previous Loan DetailsJosé lives in the town of Jiquilisco of the department of Usulután with his wife and his family; they do not have children yet. A year ago, he started a car wash business -- a job that he does full-time and that allows him to cover his family's expenses. José is looking for a loan in order to... More from Jose Eliseo'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
701View loans »
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Apr 4, 2012
- May 6, 2012
- Currency Exchange Loss:
- Jun 5, 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.