Update on Juan FranciscoJuan decided to request a new loan so that he can restock his business with all the materials he needs for taking photographs and producing movie videos. He will buy video tapes, rolls of film, DVD discs, photograph paper, and memory cards. He will also pay for other expenses.
Juan said that his previous loan had a positive effect. He was able to continue his work and do a better job. His earnings allowed him to support his family. As a result of working and saving, Juan was able to buy a motorcycle so that he could travel to his work assignments.
El manifiesta que su efecto con el préstamo anterior ha sido positivo, ya que ha continuado realizando su trabajo de una mejor manera, en su hogar la familia se mantiene con los ingresos, de su trabajo y ahorros ha comprado una motocicleta para transportarse a realizar los trabajos.
Previous Loan DetailsJuan has decided to take out another loan. In order to improve his business, he will buy a new camera to offer a video and photography service, and in this way provide a good service to his customers. The previous loan helped him a lot, as he was able to install an electricity supply and they... More from Juan Francisco'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