Update on Hector GustavoHéctor is requesting a loan so he can buy a set of tools including wrenches and screwdrivers, which will help him provide good repair service to the customers he serves as a plumber and mechanic's assistant. He says that the previous loan gave him the necessary resources to improve the tools he uses in his business, which has allowed him to continue offering good service and expand his customer base.
El manifiesta que el préstamo anterior le dio los recursos necesarios para mejorar las herramientas que utiliza en el negocio, con la que ha podido seguir brindando buen servicio y creciendo en clientela.
Previous Loan DetailsHéctor lives with his wife and son. He is a laborer working in construction, plumbing and as a mechanic’s assistant. He gets jobs in any of these fields to generate family income. He’s asking for a loan to buy a polishing machine which is a tool he needs to improve his work because he needs… More from Hector Gustavo'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
- 8 months (Additional Information)
- Repayment Schedule
- May 16, 2012
- Jun 11, 2012
- Currency Exchange Loss:
- Aug 16, 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.