Update on Tito EsauTito wants to make the most of the Christmas season to increase his production of disinfectant and his tailoring. This is why he's requesting another loan to buy materials to make disinfectant and also to buy fabric to make garments such as skirts and pants.
He says the previous loan helped him in his business because with the investment he has managed to keep himself busy, with which he has earned the income for his household.
Él manifiesta que el préstamo anterior le ayudo a su negocio ya que con la inversión realizada ha logrado mantenerse ocupado, con ello ha generado los ingresos a su hogar.
Previous Loan DetailsTito is asking for a new loan so that he can invest in his tailoring and sales of disinfectant supplies. He plans to buy sewing materials like fabric, thread, fasteners, and also the raw materials that are necessary for the production of disinfectants. With his prior loan he was able to buy… More from Tito Esau'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