Update on Elio AlfredoElio is a humble carpenter who lives in the city of Esteli, he is married and has an 8 year old daughter with his wife. He makes wooden home furnishings as a living and is a very hard-working man.
He is an excellent customer and took out his first loan to buy wood for his work making all kinds of furniture at affordable prices and he will use this new loan to fund an order of doors and wardrobes, for which he needs wood, plywood, sandpaper, paint, varnish and nails etc.
Elio says that after we gave him the loan his work greatly increased and he is happy and satisfied with his gains. He is next step is to renew the loan in order to continue improving. His dream is to be a well-known carpenter and exhibit furniture. He would like to make improvements to his home and provide a good future for his family.
Previous Loan DetailsElio is a humble carpenter, originally from Esteli. He has one 6-year-old son. His wife is a homemaker, making him the only one who supports the family. He began to work when he was 15 years old. It was in his cousin’s workshop that he acquired experience and decided to open his own workshop. Li... More from Elio Alfredo'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.
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Success!! The loan was 100% repaid