Update on Juan FranciscoJuan wants to improve his workshop and his business selling scraps. He will buy more scraps from his customers like cans, iron, plastic bottles and other materials that Juan recycles. This loan will help him to make those purchases.
He thinks that the previous loan was helpful to his business - with the profits he was able to make repairs to the vehicle he uses to transport his merchandise. During this time he has had more sales opportunities and his income has allowed his household to live better.
Con el crédito anterior considera que le sirvió en su negocio, de la ganancias pudo mejorar su vehículo en el cual transporta la mercadería, ha tenido más oportunidades de venta en este tiempo, y sus ingresos al hogar se han mantenido mejor.
Previous Loan DetailsJuan wants to make another purchase of scrap metal and materials for his metal shop, like different sizes of iron. This will help him to continue on strong with his business. He will make this investment with a new loan. He hope this will allow him to improve the availability of these… 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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