Update on Mauricio AlfredoMauricio has decided to invest further in his business, and for this purpose he is requesting a loan which will allow him to invest in buying iron in various sizes, sheet metal and electrodes, along with other necessary supplies for his workshop where he makes balconies and doors. This loan will continue providing Mauricio with the economic resources which he needs so much in order to invest in raw materials.
The previous loan allowed him to continue working and thus he was able to better serve his customers. He has had a great ability to carry out his projects. As for his economic condition, he believes that it is changing, as he obtains new customers and better earnings.
Le permitió el préstamo anterior todo lo necesario para continuar trabajando y así atendió mejor a los clientes, ha tenido una gran capacidad para poder realizar sus trabajos y su condición económica considera que está cambiando obteniendo nuevos clientes y mejores ganancias.
Previous Loan DetailsMauricio lives with his parents and brothers. He is single and runs a metalworking shop. He learned his trade from his family and by working in other shops. He does not have a set schedule for his workshop. He is currently applying for a loan to purchase iron pieces of different sizes, electri... More from Mauricio Alfredo'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
- Jul 25, 2012
- Aug 29, 2012
- Currency Exchange Loss:
- Feb 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.