Update on Luis AlonsoLuis decided to request a new loan because his business needs to be reinforced. He needs to buy material for decorating social events such as parties, birthdays, weddings. With this loan he wants to get more plastic utensils, table cloths, decorations, artificial flowers, glasses and others to help him to do better work.
The results from the last loan that Luis received were positive, he bought a variety of products to decorate the events that his customers hire him for. He was successful and now wants to give his business more life. His family unit is stable. He believes that his financial position is better since he has had many contracts to fulfill.
El efecto que tuvo Luis con el préstamo anterior, fue positivo, porque compro una variedad de materiales para decorar los eventos que los clientes le solicitan, fue exitoso y quiere darle más vida al negocio. En su familia el núcleo se mantiene, en su condición económica considera estar mejor ya que ha tenido muchos contratos que realizar.
Previous Loan DetailsLuis is single, 28 years old, and lives with his mother and siblings. He works as a social events decorator. He started out in this business helping a [female] friend make party favors and decorations. He then decided to set up his own business. Luis is requesting a loan to buy a decorative... More from Luis Alonso'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
- Feb 15, 2013
- Mar 9, 2013
- Currency Exchange Loss:
- Dec 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.