Update on Rodolfo EduardoRodolfo is requesting a new loan to buy women's, men's and children's clothing, because he feels a new investment is necessary to strengthen his business. He will buy blouses, shirts, pants, and underwear for different age groups, and this will help him maintain customer loyalty so he can continue working for his family.
With the previous loan he was able to penetrate the market better and increase his range of clothing products. His family economic situation has improved and become stable since the family has not grown.
Con el préstamo anterior logró tener un mejor efecto logrado mejorar el negocio, creciendo en la variedad de prendas de vestir, su situación económica ha mejorado su familia, actualmente se encuentra estable no han incrementado ningún miembro en su familia.
Previous Loan DetailsRodolfo has a business selling American clothing. He is 19 years old, lives with his wife and his parents, and is the father of a 1 year-old child. Rodolfo started a business 3 years ago with his wife, and he has a good number of customers. Rodolfo is requesting a loan to buy clothing to sell,… More from Rodolfo Eduardo'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
- 14 months (Additional Information)
- Repayment Schedule
- Jun 22, 2012
- Jul 17, 2012
- Currency Exchange Loss:
- Jun 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.