Update on Gerber AntonioGerber needs to invest more capital in his carpentry business. That is why he is applying for another loan, to purchase cedar and olive wood and some tools such as a plane, an electric circular saw, and other items that will allow him to produce his work better. He comments that thanks to the past loan, he was able to generate more earnings to pay the family expenses. His economic situation has improved because he covers his needs and step by step he is growing and giving good service in the furniture factory and in special work preformed in homes.
El comenta que gracias al préstamo anterior pudo generar más ganancias para pagar gastos familiares, económicamente a mejorado porque cubre sus necesidades y paso a paso va creciendo y dando buen servicio con la fábrica de muebles y trabajos particulares a domicilio.
Previous Loan DetailsGerber lives with his family in the family home. He’s currently divorced but covers the expenses of his two children who are 17 and 14 years old. He’s had a carpentry shop for five years. He manufactures chairs and tables and his work schedule is 8am to 6pm He’s asking for a loan to buy s... More from Gerber Antonio'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 22, 2012
- Oct 25, 2012
- Currency Exchange Loss:
- Oct 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.