Update on Carlos AlbertoCarlos is asking for a loan to buy business products such as corn, sugar, and bags among other necessary products to prepare atol [a dessert made of ground corn, cinnamon and milk]. This will help Carlos continue improving his income.
With the previous loan he managed to improve his sales by attending to a good number of clients, which has allowed him to improve earnings for his family. Their economic conditions are now balanced.
Con el préstamo anterior logro que sus ventas estuvieran mejor, atendiendo un buen número de clientes , lo que le ha permitido mejorar las ganancias para la familia, sus condiciones económicas están equilibradas.
Previous Loan DetailsCarlos makes a living selling "atol" [a dessert made of ground corn, cinnamon and milk] and "pupusas" from his vehicle. Carlos is a person of religious principles. He lives with his wife and three children. His business has been in existence for five years. He works in the afternoons and hi... More from Carlos Alberto'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
- Nov 14, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Sep 18, 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.