Update on Victor ManuelVictor needs a new loan so that he can repair one of his sewing machines since some of the parts are broken.
His previous loan helped him increase his productivity and buy materials for the maintenance of his machines. His family situation has changed since he has been able to give his children a better education and earn more for his household.
Con el crédito anterior le ayudo a mejora su productividad y para comprar material para mantenimiento de sus máquinas. Las condiciones familiares han cambiado ya que le ha permitido darle una mejor educación a sus hijos e ingresos económicos para el hogar.
Previous Loan DetailsVíctor lives with his wife. He’s divorced and has a son from his former marriage that he’s watches over and helps. Víctor is a tailor; the business arose more than 20 years ago but it’s been his own for the last 13 years. It’s a stand in the market and he learned it by taking tailoring cours... More from Victor Manuel'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
- 8 months (Additional Information)
- Repayment Schedule
- Mar 20, 2013
- Mar 24, 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.