Update on Juan JoseJuan needs a new loan to make some improvements in his business. This new investment will help him to purchase metal sheeting, paint, nails, poles and other items.
The previous loan was a big help to Juan. He was able to build the hallway for his house, and now he wants to make other improvements. His family's circumstances have been stable and their income has improved. Juan's wishes are to have his own business, to enlarge his home and to help his children to get ahead.
El préstamo anterior fue de mucha ayuda, ya que logro construir el corredor de su casa y hoy quiere hacerle otras mejoras. Las circunstancias familiares se han mantenido y sus ingresos han mejorado. Su deseo es tener su propio negocio, ampliar su vivienda y apoyar a sus hijos para que salgan adelante.
Previous Loan DetailsJuan is requesting a new loan to make improvements to his home. He and his family have moved to a new house, and he is building out the interior of the house for his wife. He will buy sheet metal, nails, wire, and wood, which are the materials he needs to create the space his wife needs to sell her… More from Juan Jose'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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
About El Salvador
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Success!! The loan was 100% repaid