Update on PedroPedro keeps on running his hairdresser’s and barber shop, and he is interested in requesting a new loan to invest it in the purchase of tools such as scissors and hair clippers as well as to a special chair to do haircuts upholstered.
He says that the previous loans have allowed him to run a better shop, furnishing the best conditions for his customers’ comfort, as he has been providing himself with new tools to offer a good hairdresser’s service.
El manifiesta que estos préstamos le han permitido tener un negocio mas adecuado, con las condiciones mejor instaladas para que los clientes se sientan cómodos, ha ido surtiéndose de nuevas herramientas para realizar un buen servicio de peluquería.
Previous Loan DetailsPedro, age 45, is a barber. He has a barber and hairdresser shop called “Hernández”. He lives in Lolotiquillo in the Morazán department. He lives alone with his wife. This business is located in his home, and he has been working at this trade for 11 years. This has been his source of income,… More from Pedro'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