Update on Edgar EduardoEdgar Eduardo is forty years old and married. He didn't have the opportunity to go to school. He has three children who are in school. He makes his living producing textiles such as pants and T-shirts. He counts on the support of his wife who makes her living in the same business. He started this business as a worker for a different company. He has ten years experience with the work.
He decided to request a loan in order to increase his work capital so that he can buy more fabric and thread. He hopes that in the future his earnings and quality of life improve. He wants to have a larger business.
Decide solicitar un préstamo para ampliar su capital de trabajo va a comprar más tela e hilos, espera que en el futuro mejore en ganancias y mejore su condición de vida, quiere tener un negocio amplio.
Previous Loan DetailsSr. Edgar Eduardo is 39 years old, married, and has three children who are in school. He did not have the opportunity to pursue an education. Edgar makes woven articles, trousers, and shirts with the help of his wife, who works in the same trade. He has 10 years of experience in this line of w... More from Edgar Eduardo's previous loan »
About Asociación ASDIRASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural communities.
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.
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