Update on Gerardo OswaldoGerardo has decided to request a new loan so that he can buy parts to improve the condition of his motorcycle taxi. His expenses include fixing the electrical system, changing the oil, and replacing the tires. These updates will guarantee that he can provide good service to his customers.
Gerardo says that his previous loan helped him to buy parts for his vehicle so that he could keep it in good condition. For this reason, he believes that it is necessary to take his vehicle to a mechanic for periodic tune-ups so that it will operate safely.
Manifiesta que el préstamo anterior le ayudó a comprar repuestos para el equipo del vehículo, manteniéndolo hasta el momento en buenas condiciones, por eso cree necesario cada cierto periodo llevarlo a revisión con un mecánico ya que esto le dará mayor seguridad.
Previous Loan DetailsGerardo, is a young man who is 22 years old. He lives with his young wife and they have a 6 month old daughter. They live in San Rafael Oriente, departament of San Miguel. He works in a motorcyle taxi, transporting people to different areas in town. He has been working in transportation for one… More from Gerardo Oswaldo'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