Update on ReneRené requires a new loan to improve his inventory and to ease the way with which loans are granted. This investment will allow him to buy flour, sugar, also spare parts to repair vehicles and to pay off pending balances.
The previous loan helped him to buy materials to make French bread and sweet bread. Family circumstances have improved and the group remains; economic conditions have partially optimized.
El crédito anterior le ayudo para la comprar de material para la elaboración de pan francés y pan dulce. Las circunstancias familiares han mejorado y el grupo se mantiene, las condiciones económicas se han optimizado parcialmente.
Previous Loan DetailsRené lives in his own home with his life partner and his daughter, who is still financially dependent. He works in a bakery that is well located for his customers. He learned this profession a long time ago. He made the decision to apply for financial aid, which will be invested in the purchase... More from Rene'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