Update on Cristobal AntonioCristóbal has decided to request a new loan due to his need to invest in his business. He plans to purchase some tools and materials such as 1/2 and 1 inch pieces of iron, C channel beams, and square iron for housing exteriors. This purchase will help him maintain his workshop. He believes that his previous loan allowed him to improve his machinery and purchase supplies for his work. With this, he has been able to provide his family with the necessities and offer his clients better service.
Él considera que la utilidad con el préstamo anterior fue mejorar la maquinaria y comprar insumos para trabajar, con esto ha logrado dar a su familia lo necesario y ofrecer a los clientes una buena atención.
Previous Loan DetailsCristóbal has a workshop in which he makes metallic structures. He lives with his wife and has four children; only two of which live with them and they are ages 17 and 11. The business was born 27 years ago and he funded the workshop with the efforts of his family. He hasn’t had any problems with… More from Cristobal Antonio'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