Update on Carlos AlfredoCarlos lives with his family and his wife in a house which they own. He has sold toys for a number of years and uses his earnings to help his family and cover some of his personal expenses. He travels around the area close to where he lives selling his goods and has a large clientele. Carlos is applying for this loan to buy more merchandise (toys) such as bubbles, masks, torches, toy cars, puzzles, dolls, among other things such as those shown in the photo. This will enable him to continue to contribute to the running of the household and to make more money for his personal expenses.
Previous Loan DetailsCarlos Alfredo, 22, lives with his life companion and his mother. He sells toys: cars, jigsaw puzzles and dolls, among others. He’s been in business several years and has much sales experience that allows him to earn good profits. He sells from place to place and also sells to various locales in… More from Carlos Alfredo's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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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