Update on Sandro ErnestoSandro needs a new loan in order to support his working capital needs for his work repairing automobiles. This investment will help him to buy the necessary materials he needs such as paint and caulking among others.
Sandro tells that his previous loan enabled him to aquire the materials to repair the vehicle that he currently has for sale. With his work he continues to support his family.
Cuenta el Sr. Sandro que el crédito anterior le ayudo porque logro adquirir los materiales para reparar el vehículo que hoy en día tiene a la venta; se mantiene el mismo grupo familiar.
Previous Loan DetailsSandro owns a bodywork and paint shop. He lives in his grandmother's house with his wife and 2-year-old daughter. Sandro's mother lives in the United States and helps him, but not consistently. Sandro opened his business five years ago. He learned this trade in high school. Now, he is very… More from Sandro Ernesto'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
- Aug 9, 2013
- Aug 23, 2013
- Currency Exchange Loss:
- Jun 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.