Update on Juan GilbertoJuan is requesting a new loan because he needs to invest in his business, since he is about to begin farming. He wants to sow basic grains, so he will invest part of the loan in fertilizer and herbicides. He will invest the rest in purchasing fish and shrimp to continue selling them. This loan will allow him to continue with his work and grow corn at the same time. Juan looks for any work where he can make money, even if it means changing businesses every so often.
The previous loan helped him gain trust with his customers and allowed him to attract new ones, including areas to where he had no acces. This has allowed him to grow and, at the same time, to provide his family with greater stability.
El préstamo anterior le ayudo a generar más confianza a sus clientes y le permitió atraer a nuevos, incluyendo zonas donde no tenía acceso, esto le ha permitido crecer y al mismo tiempo generar una mejor condición más estable a su familia.
Previous Loan DetailsJuan lives with his family, and is the father of four children, all minors. They live in a simple home. He sells fish, and has been in this business for two years, working Monday to Friday from 6:00am to noon. The idea for the business came about as a means of earning income. He is applying ... More from Juan Gilberto'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
- Jul 11, 2012
- Jul 24, 2012
- Currency Exchange Loss:
- Nov 17, 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.