Update on Pedro WilliamPedro is requesting this loan in order to stock his clothing apparel business with stylish products. He plans to purchase blouses, skirts, underwear and other clothing items in hopes of offering his customers a wide variety of merchandise.
His previous loan helped him to expand his business and offer a greater variety of clothing for people of various ages. He has been expanding his customer base and increasing the number of clients he can attend to in a given day. Though sales could be better, he is doing well with his business.
Manifiesta que el préstamo anterior le permitió crecer, teniendo un mejor surtido en ropa para diferentes edades, esto le ocasionó mejoras en el número de clientes atendidos, hasta el momento considera que sus ingresos han sido mejores.
Previous Loan DetailsPedro lives with his wife and three children. He is the only one in his family who works. He sells clothes and medicines. He learned this business when he worked as an employee in a store and then decided to set up his own business. Up to now, he hasn't had any problems and he hopes his… More from Pedro William'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
- 12 months (Additional Information)
- Repayment Schedule
- Jul 4, 2012
- Jul 31, 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.