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Juan Carlos

Update on Juan Carlos

Juan has chosen to request another loan because he needs more operating capital. This investment will enable him to buy flour, French bread, oil, sweet bread, and other items.


The effect of his previous loan was favorable. His financial condition and family circumstances have become optimal. In addition, he has increased his profits and improved his quality of life.

View original language description ↓
Juan, se le presenta la necesidad de optar por un nuevo préstamo porque requiere de más capital de trabajo; esta inversión le permitirá comprar harina, pan francés, aceite, pan dulce, entre otros.
El efecto del crédito anterior fue favorable, las condiciones económicas y las circunstancias familiares se han optimizado, ya que le permitió aumentar sus utilidades y mejoro su calidad de vida.

Previous Loan Details

Juan is requesting another loan so that he can buy a new bicycle, and he will use the rest to buy bread to sell. He thinks that through these loans, his business is growing and his economic situation is improving. Once he get this bicycle, he will be able to move around better in the area where... More from Juan Carlos's previous loan »

Additional Information

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

  • $4,900
    Average annual income
  • 459
    View loans »
    El Salvador Loans Fundraising
  • $23,123,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $525 helped Juan Carlos to buy flour, French bread, oil, sweet bread, and other items.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Juan Carlos. It was first posted on Kiva on Jun, 2012. Learn More