Update on Manuel IsraelManuel would like to continue strengthening his business. Therefore, he has decided to continue working with loans in order to buy a variety of products such as sugar, rice, beans, chicken, and condiments.
He believes that loans help him to improve his business. He increased his business inventory with his previous loan and obtained more income from his client sales. His financial conditions are better because of his work in this business.
El considera que los préstamos le ayudan para mejorar, con el anterior incremento su inventario en el negocio, obtuvo más ingresos por las ventas a los clientes, sus condiciones económicas son mejores a través del trabajo en el negocio.
Previous Loan DetailsManuel is 46 years old and lives with his wife and his three children, all of whom are young and still in school. He dedicates himself to a store that sells household products. He works from Monday through Sunday. The business is in his home and his wife helps him with the business. It has… More from Manuel Israel'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 30, 2013
- Feb 6, 2013
- Currency Exchange Loss:
- Jan 18, 2014
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.