Update on Emerson AlexisEmerson is a very responsible and hardworking man who lives in his own home with his wife and two children. He works at his own electronics shop where he repairs televisions, fans, radios, remote controls, sound equipment and other items. He has had the business for more than two years in the center of the department where he lives and has many customers who favor him for his friendliness and honesty. Emerson is requesting the loan so he can purchase different parts like integrated circuits, chips, cables and other supplies to repair a larger amount of appliances and thus earn more income to provide his family a better life.
Previous Loan DetailsEmerson is a responsible young man who takes care of his family's wellbeing. He is 29 years old and lives with his wife and their two small children, who are his biggest inspiration, helping him to move forward and seek a better life. Emerson works in his own electronics workshop, in which he... More from Emerson Alexis's previous loan »
More information about this loan
This loan will help a low-income family purchase environmentally-friendly goods and equipment, including solar products (lights, water pumps, heaters), biodigesters, energy-efficient light bulbs and gas stoves. Lacking electricity, many people in rural El Salvador are forced to use firewood for cooking and kerosene for lighting, expensive solutions that endanger their health and well-being. By funding this loan, you are providing access to greener, healthier alternatives.
This Kiva loan will be either be a cash laon or an in-kind loan. An in-kind loan is used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
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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