Update on RodolfoRodolfo is asking for a loan because he needs more working capital and the good attention paid to him by PADECOMSM. With the loan he will be able to purchase a variety of clothing and then resell it. This is just one of his enterprises, he also sells plastic goods. With his previous loan he was able to strengthen his business and with the earnings he made he was able to help his family. It was very useful to them because Rodolfo was able to grow his business and take care of household expenses.
Con el crédito anterior ayudo a fortalecer el negocio y con las ganancias ha logrado brindarle ayuda a su familia. Les ha sido de mucha utilidad porque ha crecido el negocio y en su casa con los gastos económicos.
Previous Loan DetailsRodolfo requests a loan because he needs to make his business stronger, with more variety of seasonal products; he will buy various types of clothing for all ages which will allow him to serve his clients. The result he obtained with his previous loans helped improve the business and he was able… More from Rodolfo'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
- Feb 22, 2013
- Mar 17, 2013
- Currency Exchange Loss:
- Sep 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.