Update on Santos MargaritoSantos Margarito is married. He’s 53-years-old and only completed third grade in elementary school. He has 8 children some of which have graduated and others are still in school. He works as a cobbler making women’s shoes. He started out as an employee in another firm and to date has 16 years’ experience and has been successful. He has his wife’s support who works in commerce selling the shoes her husband makes.
He’s requesting a loan to buy supplies like leather, faux leather, glue, decorations, etc. needed to increase production and to have better styles for his customers hoping to acquire more customers in future and to offer better designs that are in up-to-date styles in the region.
Esta solicitando un préstamo que lo utilizara para a la compra de materiales, pieles, cuerina, pegamento, adornos, etc, necesarios para aumentar su producción y tener mejores estilos para sus clientes, esperando el futuro tenga más clientes y ofrezca mejores diseños a la moda actual de su región.
Previous Loan DetailsSantos Margarito is married and 52 years old. He has 3 years of primary education and has 8 children, all of whom are in school. He makes sandals for girls and women. He has done this work for 15 years and has his wife's support. She sells sandals. Asking for a loan will help him buy mater... More from Santos Margarito's previous loan »
About Asociación ASDIRASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural communities.
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.
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Success!! The loan was 100% repaid
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Dec 23, 2012
- Jan 9, 2013
- Currency Exchange Loss:
- Aug 18, 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.