Update on Fredy IsaiFredy has decided to request another loan to invest in his business. He will buy some plated jewelry such as earrings, chains, bracelets, and rings, which he presents for customers and has been successful selling.
With his previous loan, Fredy was able to increase his sales with the various pieces of jewelry he bought. He has been able to increase his earnings and improve his family's quality of life.
Él manifiesta que a través de los préstamos ha logrado tener mejores ventas, pues adquirió prendas en variedad de estilos, le ha permitido en su familia mejorar la calidad de vida y sus ingresos.
Previous Loan DetailsFredy makes a living selling jewelry. He is married with two children, ages 10 and 12. He chose this business to work for his family and give them their daily food. He also performs some agricultural work, such as sowing basic grains. He is asking for this loan to buy more merchandise, such as… More from Fredy Isai'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
- 14 months (Additional Information)
- Repayment Schedule
- Jan 9, 2013
- Jan 15, 2013
- Currency Exchange Loss:
- Jun 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.