Update on Juan ZamoraJuan is requesting a loan to invest in his business. He will buy fresh products like potatoes, chilis, tomatoes and onions, which will help him to be prepared to attend to the demand in food production. This will help him because his income depends on this business, which he hopes will grow. With the previous loan he had a good experience in which he was able to pay off the installments of the loan and take care of the necessities of his home. This motivated him to continue working with loans.
Con el préstamo anterior tuvo una buena experiencia con la que pudo cancelar las cuotas de este préstamo y cubrir las necesidades del hogar, esto el motivo para seguir trabajando con préstamos.
Previous Loan DetailsJuan lives with his wife and son. He runs a dining room that offers breakfasts and lunches on a daily basis. His wife also helps him in the business. The patron saint festivities going on currently in his village are what motivated him to set up a new stall inside the fairgrounds so he can… More from Juan Zamora'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
- 17 months (Additional Information)
- Repayment Schedule
- Apr 24, 2012
- May 27, 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.