Update on Wilber ArmandoWilber is requesting a new loan to invest in his business. He will buy raw materials for making balconies, doors, and windows. These materials include metal sheets and iron. By having these materials, he will increase his capacity to respond to his customers.
With his previous loan, Wilbur will purchase materials for making metal structures. He will also buy merchandise for his store. His family's condition has improved greatly now that he has stopped renting and has a house of his own.
Con el préstamo anterior logro realizar la compra de materiales para realizar las estructuras metálicas, tambien compro mercaderia para la tienda, su condición familiar a mejorado muchísimo pues a dejado de alquilar vivienda porque cuenta con su propia casa.
Previous Loan DetailsWilber lives in San Francisco Gotera, department of Morazan. He is 33 years old and lives with his wife Maria Esperanza and their three children: Wilber, 13, Dilver, 11, and Bryan Isaac, 9. He makes metal structures and has a grocery store. He runs these businesses out of his home; for the metal ... More from Wilber Armando'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
- Apr 30, 2012
- May 30, 2012
- Currency Exchange Loss:
- Feb 17, 2014
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.