Update on Juan AntonioJuan needs a new loan in order to invest more in his business and to strengthen it. This will allow him to buy basic staples such as rice, sugar, beans, and corn.
His previous loan helped him to improve his sales and make an income. His economic conditions and family circumstances have improved.
El préstamo anterior le ayudo a mejorar sus ventas y obtener ingresos; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJuan is applying for a seasonal loan to stock his business and service the students who come after school. He will buy snacks, sodas, juices, and other items his customers want. With the previous loan, he was able to increase his sales and income and bought a vehicle so that he could offer mercha... More from Juan Antonio'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