Update on Jose WilfredoSince he has increased his sales, José has decided to increase the variety of new clothing he sells. He will buy shirts, blouses, pants, socks and underwear. This will enable him to improve his financial situation. For this reason he is seeking a loan so he can make his investment.
His previous loan made a positive impact on his business. With more clothing to sell, his sales have increased. He visits areas where the residents receive government benefits through social programs.
In his family his income covers their necessities. His wish is to expand his business and build his own home.
Él tuvo un efecto positivo en el negocio, con más prendas de vestir, esto porque las ventas ha mejorado, ya que visita zonas donde los residentes son beneficiados con ayuda del gobierno a través de la red solidaria, en su familia los ingresos se han mantenido para cubrir las necesidades, sus deseos es ampliar el negocio y construir su propia casa.
Previous Loan DetailsJosé sells a variety of clothing. He's a home-loving person and lives with his parents. At the moment is separated from his wife. He also lives with a sister. He was working previously as a bricklayer and farmer, and nowadays he is selling a variety of clothing. His most important sales are to… More from Jose Wilfredo'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
- 17 months (Additional Information)
- Repayment Schedule
- Feb 20, 2013
- Mar 12, 2013
- Currency Exchange Loss:
- Nov 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.