Update on Juan FranciscoJuan is an artisan and is in the process of planting corn which is why he decided to continue working with loans to buy manure and herbicide to apply to his crops so that they will produce better and avoid infestations. The loan will be of great help for him to do the farming.
He comments that his previous loan helped him create income and subsist with his family. He believes that by means of his work making crafts out of the wood of the giant cypress tree and the work he does in agriculture he’s able to generate income to provide his family with the necessary resources to meet cover expenses.
El comenta que el préstamo anterior le sirvió para poder crear ingresos y subsistir con su familia, a través de su trabajo fabricando artesanías de Tule, considera que esta actividad al igual que la agricultura le sirven para poder generar a su familia los recursos necesarios para los gastos.
Previous Loan DetailsMr Juan, age 51, lives with his wife and four children ages 20, 17, 12 y 10. They live in Lolotiquillo, in the Morazán department. He makes crafts. Specifically, he makes saddles, woven rings and bedrolls. He makes the bedrolls from reeds. This is a full-time business. He is requesting this loan… More from Juan Francisco'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
- Sep 14, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- Aug 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.