Update on TomasTomás is seeking a new loan to invest in his business. He wants to have a supply of medicines that he can offer to his customers. Among these are cold and flu medicine, vitamins, antibiotics and other health products. He will be able to offer a wide variety of items to meet the varying needs of his clients.
His goal is to be consistently improving his business. He reports that thanks to previous loans he has been able to continue to make improvements to his business and has managed to earn higher income for his family.
El objetivo de Tomás es mejorar cada vez el negocio, considera que a través de estos préstamos está consiguiendo la superación ya que ha cambiado la condición del negocio y ha logrado ingresar mayores ganancias a su familia.
Previous Loan DetailsTomas lives with his parents and two siblings. He doesn't have any children and sells natural medicines for a living. He started his business with the help of a friend and now he has a lot of experience. He doesn't have a fixed schedule and goes out every day to sell his products. He will ... More from Tomas'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
- May 16, 2012
- Jun 11, 2012
- Currency Exchange Loss:
- Feb 16, 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.