Update on Julio AlbertoJulio currently needs a new loan because he needs to expand his seafood sales now that his brother in law will also be assisting with the business. Julio will also be acquiring some tools for masonry work. This investment will help him purchase fish, shrimp, and shellfish, as well as a trowel for working in construction.
The previous loan was successful: he was able to purchase a vehicle and some spare parts. His goal is to build another home for himself and provide for his family, while continuing to grow as a micro-entrepreneur.
El crédito anterior fue positivo, ya que logro completar la comprar de un vehículo y algunos repuestos. Su deseo es construir otra vivienda propia y brindarle ayuda a su familia; también crecer como microempresario.
Previous Loan DetailsJulio, who lives with his wife and son, is a mason. He learned from his father and has experience in his work. With this business, Julio has achieved an income source to address the needs of his family. He is requesting a loan to finish paying off the purchase of a vehicle, as this will allow… More from Julio Alberto'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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About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Aug 14, 2013
- Aug 25, 2013
- Currency Exchange Loss:
- Sep 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.