Update on Juan CarlosJuan is a very cheerful person who always tries to be responsible in his work. He is 34 years old and has been married to his wife, Ángeles, for fourteen years. Together, they have formed a family with four children who attend school. Juan has a carpentry shop where he makes home furniture such as doors, staircases, wood flooring, and other items. He jokingly commented, “I can make anything, from toothpicks to Noah’s Ark”. Juan says that he started his business from necessity. Previously, he worked as a carpenter and this is how he learned, but he liked it so much that he decided to start his own business. He says that he doesn’t have difficulties except that there are days when he needs a little more money to get his material. But thanks to the loan, he will be able to complete some orders that are pending.
This time he is requesting a loan for a higher amount to buy more wood to make his furniture. He says that the price of wood has gone up and this has made it difficult to purchase wood, plywood, hardware, and other supplies. But thanks to the loan, he will be able to purchase the wood. Carlos is very grateful because he has gone through many loan cycles with VisionFund and Kiva. He has invested the loans in his carpentry shop, which has generated more work for him. He is very proud of this result because he has been able to hire more people to work in his shop. Juan is very determined to have a larger carpenter’s shop where he will have more woodworking tools and all the facilities necessary to provide better service.
Esta vez está solicitando un crédito más alto para comprar más madera para la elaboración de sus muebles, platica que el precio de la madera se ha elevado por lo que le ha dificultado comprar madera, triplay, herrajes, etc. pero gracias al crédito podrá comprar la madera, El señor Carlos está muy agradecido porque lleva varios ciclos solicitando crédito a VisionFund y KIVA, créditos que ha invertido en su carpintería lo que le ha generado más trabajo, situación del cual se siente muy orgulloso porque ha podido contratar a más personas para trabajar en su carpintería aunque Don Juan está muy decidido a llegar a tener una carpintería más grande donde tenga más herramienta y todas las instalaciones necesarias para dar un mejor servicio.
Previous Loan DetailsJuan’s a very cheerful person who has always tried to be very responsible with his work. He’s 34-years-old and married to Ángeles for 14 years. They have a family of four children who go to school. Juan has a carpentry shop where he manufactures home furnishings like doors, stairs, and shelv... More from Juan Carlos'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 17, 2013
- May 31, 2013
- Currency Exchange Loss:
- Dec 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.