Update on Boanerges ArcidesBoanerges is requesting a loan to invest in the May season in his small restaurant by buying various ingredients to prepare his menus such as meat, seafood, chicken, condiments, oils, rice, vegetables and drinks in order to maintain a variety of dishes in his business.
The previous loan had a positive effect on him, improving his production, attracting more clients to the business and establishing his business more in relation to the competition.
El tuvo un efecto positivo con el préstamo anterior mejorando su producción atrayendo más clientes al negocio y estabilizándose más con la competencia.
Previous Loan DetailsBoanerges lives with his mother. He is single, with no children, and lives in the family home. For ten years he has been in the restaurant business. He began as a restaurant worker and little by little became skilled enough to run a business. Currently he is requesting a loan to buy food in... More from Boanerges Arcides'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
737View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Apr 24, 2012
- May 27, 2012
- Currency Exchange Loss:
- Sep 15, 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.