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Francisco Adan

Update on Francisco Adan

Demand for Francisco’s firewood has increased so he’s decided to request working capital to meet customer demand. He’ll buy firewood at wholesale so his business will have the capacity to remain active. With the help he got previously, sales and customers increased and so did his income.

His immediate family continues unchanged. They are better off economically for their needs are met for the most part. He strives daily to expand business and take on new customers.
View original language description ↓
Francisco, ha tenido una demanda mayor de leña y eso lo hace decidirse a solicitar capital de trabajo para satisfacer a sus clientes.Comprará leña por mayoreo para que su negocio tenga la capacidad de mantenerse activo. Con la ayuda que se le brindo antes las ventas subieron, aumentaron sus clientes y sus ingresos han sido mayores.
Su núcleo familiar se mantiene sin ningún cambio, económicamente están mejor por lo que sus necesidades en gran parte han sido cubiertas. Cada día se esfuerza por ampliar su negocio y atender a clientes nuevos.

Previous Loan Details

Francisco sells firewood to bakery shops and pupuserias (shops selling the Salvadoran specialty, pupusas). He is 65 years old and lives with his wife and two married children. One helps him with consignments.. Francisco has owned his business for more than 30 years. He works from Monday to Sat... More from Francisco Adan's previous loan »

Additional Information

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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 695
    View loans »
    El Salvador Loans Fundraising
  • $24,290,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $650 helped Francisco Adan to buy firewood at wholesale.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
N/A
Expired:
Nov 6, 2013
This photo was used before for a previous loan for Francisco Adan. It was first posted on Kiva on Feb, 2013. Learn More