Update on Marco AntonioMarco is 42 years old and lives with his wife and four children, the oldest of whom dedicates himself to working with his father in their business. Marco has a workshop to repair tires for vehicles and motorcycles. To do so, he buys tires and sells them to his clients per unit. His business is very stable and has a very strategic location by a highway where a great quantity of vehicles pass through. Above all else, he sells to vans and cabs whose tires are more expensive compared to the rest. Marco is asking for a loan from Apoyo Integral to be able to invest in his workshop buy purchasing a higher quantity of tires in different sizes and brands, as well as tools which are very necessary in the work he performs. With this, Marco guarantees the improvement of his business by supplying it and therefore improving his earnings.
Previous Loan DetailsMarco Antonio is 43 years old and lives with his common-law wife and children. He buys and sells tires for a living and has a broad market. He has attracted many customers with his top quality products and low prices. He also provides a unique service and customers are very satisfied with his… More from Marco Antonio's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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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