Update on Emmanuel AntonioEnmanuel is requesting a new loan to invest in his business, purchasing pasteurized products such as popsicles, sorbets and "San wish" ice creams. These are necessary so that he can remain offering products to his clients.
He states that with the previous loan he had a positive experience because it gave him necessary economic resources and to make a good investment that up till now has helped him to maintain his clients. His family's earnings have improved.
El manifiesta que con el préstamo anterior obtuvo una experiencia positiva, ya que le dio los recursos económicos necesarios y hacer una buena inversión que hasta el momento le ha ayudado a mantener todos sus clientes, Sus ingresos en la familia han mejorado.
Previous Loan DetailsEmmanuel is single and lives alone. He sells ice cream and has been in business for two years. Emmanuel learned this trade from his father and now he is an ice cream wholesaler. He does not have a set schedule by which he manages his business. Emmanuel is requesting a loan to buy more pr... More from Emmanuel Antonio'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
812View loans »
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jun 20, 2012
- Jul 12, 2012
- Currency Exchange Loss:
- Aug 11, 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.