Update on Angel GrabielÁngel is asking for a loan in order to purchase materials for carpentry, like sanders, varnish, and also to pay for maintenance of his tools. This loan will help him to improve the conditions of his shop, since he will buy the necessary items and his equipment will be in optimal conditions. The previous loan allowed him to grow the business, since he obtained materials in order to meet a series of orders from his clients, orders which went well. In his family their condition remains the same. In this period his income has been stable.
El préstamo anterior le permitió crecer en el negocio, ya que obtuvo materiales para enfrentar una serie de compromisos con los clientes, con los que salió bien, en su familia sus condiciones se mantienen, y en este periodo sus ingresos han sido estables.
Previous Loan DetailsÁngel owns his house where he lives with his wife and two children who are 12 and 6 years of age. He's a carpenter and his workshop is located at home. He started it 13 years ago and he works every day. He currently needs financing to buy cedar wood, adhesives, paint and plywood. This… More from Angel Grabiel'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
- 17 months (Additional Information)
- Repayment Schedule
- May 22, 2012
- Jun 14, 2012
- Currency Exchange Loss:
- Sep 18, 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.