Update on David OrlandoDavid needs to invest in his business, that is why is he requesting a new loan. This will help him improve the work he does by allowing him to buy a machine for cutting iron and other materials, such as sheet metal and wires. David explains that his previous loan helped him to obtain the necessities for his business. Having these resources to continue working, he has been able to improve his family's financial situation.
Él manifiesta que el crédito anterior le ayudo para tener lo necesario en el negocio, contando con los recursos para seguir trabajando, en su familia sus circunstancias económicas han mejorado.
Previous Loan DetailsDavid is applying for a new loan in order to buy merchandise. He believes that thanks to last funding, his business improved and he had more merchandise available to meet his customers demand. His investment will be in buying iron of different sizes, plates and paint to keep making doors and... More from David Orlando'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