Update on Manuel ElenilsonManuel is requesting a loan because he needs to invest in his carpentry business. He will buy materials for making furniture such as all types of wood, sandpaper, varnish, and other supplies that he needs for his work.
Manuel says that his experience with the loans have improved the quality of his business. He increased his production of furniture so that he could fulfill the orders from his customers. The quality of his products also improved and his family has gained more income to help meet their daily needs and improve their financial situation.
Manuel manifiesta que su experiencia con los préstamos ha mejorado la calidad de su negocio, aumentando la producción de muebles para satisfacer los pedidos de los clientes, ha mejorado la calidad y en su familia ha adquirido más ganancias para qué necesidades diarias mejorando su situación económica.
Previous Loan DetailsManuel is requesting a new loan with the intention of improving the capacity of his carpentry shop. He will buy an electric table planer. Manuel hopes this tool will help make his work easier and improve his production of furniture.
He says that his previous loan helped to improve the i... More from Manuel Elenilson'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