Update on AmadoAmado is requesting a new loan because he needs to fulfill orders he has for the season. This will allow him to pay for labor and to make string from mescal fiber.
The previous loan allowed him to fulfill the customer demand that existed. The business has helped him a lot, so his children will get ahead because they’re studying.
Con el crédito anterior le permitió salir adelante con la demanda que se presentó. El negocio le ha ayudado mucho para que sus hijos salgan adelante ya que están estudiando.
Previous Loan DetailsAmado works making hammocks and he provides service with a Nixtamal-brand grinder. He lives with his three children, all of whom are dependent. He learned the business from his family when he was very young. He has been doing this work for approximately four years to cover the household… More from Amado'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