Update on Juan CarlosJuan needs to invest more in his business, so he is requesting another loan to purchase vitamins, antibiotics, and natural medicine products, as well as purchase basic staples such as rice, oil, and condiments for a store that he has managed to open.
For Juan, the loan has been a beneficial experience since he managed to stock his store and his sales have improved. The family is able to support itself. Their economic situation has improved a little, but it needs more work to continue improving.
Para Juan la experiencia con los prestamos ha sido favorable, ya que sus ventas han mejorado, logro surtir el negocio.en su familia se mantienen, la situación económica mejoro un poco pero necesita mas trabjo para mejorar mas.
Previous Loan DetailsJuan lives with his aunt and a godfather. He is single. He sells natural medicines. He learned this business from his family. He works Monday through Saturday. He has been working in this business for 6 years. He is requesting a loan to buy natural products such as flax, omega, cod fish oil, ... More from Juan Carlos'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
437View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Aug 17, 2012
- Sep 20, 2012
- Currency Exchange Loss:
- Sep 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.