Update on JoaquínRight now Joaquín doesn’t have enough money to buy bulk merchandise. That’s why he’s asking for a loan to buy products like cookies, candy, snacks, chocolates, and other foodstuffs which he’s now considering. That will give Joaquínn what he needs to continue doing his work.
He says that the last loan has increased his sales and has allowed him to once again request a loan. That funding has allowed him to establish himself in the business and create a better income stream, letting him to maintain his household in a more stable way.
Manifiesta que con el crédito anterior ha incrementado sus ventas y esto le ha permitido acercarse nuevamente a solicitar un crédito, ya que estos financiamientos le ha permitido estabilizar su situación en el negocio y crear un mejor nivel de ganancias que le permiten a su hogar tener una condición más estable.
Previous Loan DetailsJoaquín is 37 years old and lives in San Miguel with his two children, 8 and 16, who are students. Joaquín has worked selling candy, toys and soft drinks from a pick-up truck for four years. He works from 5am to 7pm from Monday to Saturday.
He is currently requesting a loan to buy… More from Joaquín'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
- Aug 28, 2012
- Sep 25, 2012
- Currency Exchange Loss:
- May 17, 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.