Update on Carlos EduardoCarlos wants to add to his clothing inventory so that he can increase his sales. He will buy blouses, pants, suits, underwear, skirts, and other garments. He also wants to purchase other types of merchandise such as body lotion and expects this investment will help him be successful in the market. He was able to grow his business with his previous loan by purchasing merchandise. His family has grown, and his goal is to have a permanent space for his business.
El efecto que tuvo con el préstamo anterior mejoro su negocio, ya que invirtió en mercadería, en su familia comenta que han aumentado, su objetivo con el negocio es tener un local fijo de venta.
Previous Loan DetailsCarlos is requesting a new loan to buy a range of clothing such as shirts, pants, blouses and dresses. With this investment, he hopes to stock his business, increase his sales and make bigger profits, which will have a positive effect on both his business and his life, as was the case with his… More from Carlos Eduardo'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