Update on José DanielJose lives in a home of his own with his wife and two children. He is a merchant and has a business repairing watches and eyeglasses, located near his home. He has many customers because of his friendliness and good prices. Jose is asking for a loan so he can increase his working capital and buy more watches, glasses, batteries, watchbands, etc. in quantity. He is an enterprising man and wants to improve and offer a better quality of life for his family.
Previous Loan DetailsJosé Daniel is 58 years old and lives in the outskirts of the El Salvadoran capital in his own home along with his wife and two children, ages 23 and 19. He makes a living buying and selling a variety of glasses, which he sells in the capital's central market. He has 16 years of experience in this… More from José Daniel's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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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