Update on Luis AlonsoLuis wants to restock his store by purchasing more consumer products, and also wants to start growing staple grains. He is asking for this loan so he can purchase eggs, beans, oil, sugar, corn, fertilizer, and better seeds to plant. Luis plans to make full use of his resources in order to make a good investment.
Luis says that his previous loan had a very positive effect on his business, since he was able to restock his store and add new products. He also says that his business and his family’s situation have improved so far, and that he has been able to use his earnings to purchase some household items.
Él nos comenta que el efecto que le dio el préstamo anterior al negocio fue muy positivo, ya que surtió y agregó nuevos productos a la tienda, manifiesta tener una mejor condición en el negocio y su familia hasta el momento se ha mantenido bien, han logrado comprar de sus ganancias algunos artículos para el hogar.
Previous Loan DetailsLuis lives with his wife and two children. He has a store selling basic goods, ( rice, beans, sugar, corn, oil) he started it out of his own initiative 16 years ago. He works everyday and has no established hours since the business is out of his home, which is why he tends to customers at any… More from Luis Alonso'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
- 20 months (Additional Information)
- Repayment Schedule
- Aug 29, 2012
- Sep 25, 2012
- Currency Exchange Loss:
- Jul 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.