Juan De Dios
Update on Juan De DiosJuan is requesting a new loan in order to bolster his business with more working capital. He'll purchase paint, sandpaper, iron and other items he needs for working with metal structures and manufacturing doors and balconies. This loan will help him to keep his business going and also to continue providing a good service.
The previous loan helped him to strengthen his shop with the materials he needed. This resulted in higher earnings for his family and for covering his daily expenses.
El préstamo anterior le ayudó a fortalecer el taller con los materiales necesarios, esto mismo le produjo unas mejores ganancias para su familia y cubrir sus gastos cotidianos.
Previous Loan DetailsJuan is 37 years old and resides in San Miguel with his wife and two children, ages 11 and 14. He has a workshop where he makes metal structures. Juan works every day of the week from 6am to 5pm. He has been managing his workshop for a year and has not experienced any major difficulties to thi... More from Juan De Dios'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
- Jun 27, 2012
- Jul 17, 2012
- Currency Exchange Loss:
- Dec 15, 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.