Update on Juan LeonidasJuan seeks a new loan that he needs to continue investing in his business. This loan will allow him to buy raw materials like thread and needles and materials to make a new mold for the production of hammocks. The previous loan helped him to obtain a source of increased earnings, now that he is disabled and cannot obtain traditional employment. His economic conditions have improved now that he was able to acquire the piece of land where he currently lives.
El préstamo anterior le ayudo a obtener una fuente de ingresos extras, ya que por ser discapacitado no puede emplearse; las condiciones económicas han mejorado, ya que logro adquirir el espacio de tierra donde vive actualmente.
Previous Loan DetailsJuan is applying for a new loan to buy the materials used for making hammocks, such as, thread, rings, needles - everything he needs to help improve his production. He believes that his previous loan has helped him to improve his family home so that his family live in better conditions. More from Juan Leonidas'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