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Juan Jose

Update on Juan Jose

Juan needs to continue working but lacks sufficient money to buy supplies like paint, sandpaper, oil and the rest needed to repair cars and for his shop’s smooth operation. This loan is a great support because Juan has no other source of income to invest in the business. He states that the previous loan helped him strengthen the business and he was able to help his family with the profits earned.
View original language description ↓
Juan, necesita continuar trabajando pero no tiene suficiente dinero para comprar material para reparación de vehículo tales como: pintura, lija, aceite, y todo lo demas necesario para el buen funcionamiento del taller, este credito sera un gran aporte porque Juan no tiene otras entradas de dinero para poder invertir en el negocio.
El crédito anterior manifiesta que ayudo a fortalecer el negocio y con las ganancias ha podido ayudar a su familia.

Previous Loan Details

Juan lives with his wife and their three-year-old daughter. He manages an auto repair and paint shop. Juan has been in this business for six years. He works every day of the week from 7am to 4pm. Juan learned this trade from a friend. He is currently requesting a loan to buy paint and s... More from Juan Jose's previous loan »

Additional Information

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

  • $7,500
    Average annual income
  • 785
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Juan Jose to buy paint, sandpaper, oil.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Juan Jose. It was first posted on Kiva on Nov, 2011. Learn More