Update on IsaiIsai is opting for a new loan because he needs more working capital in order to continue investing in his business. This investment will help him to buy raw materials for making bread, such as: flour, sugar, eggs, lard, firewood, and more.
His previous loan helped him to grow in his business and have everything necessary in order to work. This is why his economic condition has improved, as well as his family circumstances.
El crédito anterior le ayudo a crecer en su negocio y tener todo lo necesario para trabajar, es por ello que las condiciones económicas han mejorado y asimismo las circunstancias familiares.
Previous Loan DetailsIsai is single and lives with his parents and siblings. He manages a bakery that he started with his family. Isai learned this work as an employee in a bakery. Once he understood the process, he decided to start his own business. He does not have a fixed schedule to make bread. He is request... More from Isai'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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jul 19, 2013
- Aug 16, 2013
- Currency Exchange Loss:
- Feb 17, 2014
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.