Update on Luis AlfredoLuis decided to renew his loan in order to purchase more materials for his work as a mason and fisherman. He will improve his work equipment. The products he plans to purchase are cement, iron, ropes and gasoline for fishing, among other things. His previous loan yielded positive results since both his masonry and fishing business have continued. His family has been supported by his improved income. His desire is that his business will grow so that his family can get ahead.
El préstamo anterior dio resultaos positivos ya que su negocio en la albañilería ha seguido y tambien realizando pescas. La familia se ha mantenido sus ingresos han mejorado; su deseo es que su negocio se incremente para sacar a su familia adelante.
Previous Loan DetailsLuis Alfredo makes a living as an offshore fisherman, and also works as a mason. He lives with his wife and two children. When he is working as a mason, he does the majority of his projects for contacts in the community. He has six years of experience in the trade, first learning as an apprentice... More from Luis Alfredo'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
- 12 months (Additional Information)
- Repayment Schedule
- Dec 20, 2012
- Jan 2, 2013
- Currency Exchange Loss:
- Nov 17, 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.