Update on Francisco CesarFrancisco is requesting a new loan to invest in his business because he wants to purchase the parts necessary to repair a freezer which he uses to store his products. This loan will help to maintain the proper temperature of his freezer, which ensures that his products are kept in good condition.
He states that the previous loan increased his profits, which have created a better economic situation for himself and his family.
En manifiesta que con el préstamo anterior aumentó sus ganancias las cuales le ha generado una mejor condición económica para él y para su familia.
Previous Loan DetailsFrancisco is married and lives with his wife and three children. He sells wholesale sherbet and has a vehicle for distributing his product in different towns. He doesn't have an established schedule for his sales. Francisco is requesting the loan to purchase merchandise, such as sherbet and… More from Francisco Cesar'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
440View loans »
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- May 11, 2012
- Jun 9, 2012
- Currency Exchange Loss:
- Jul 9, 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.