Update on Francisco AdanDemand 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.
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 DetailsFrancisco 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… More from Francisco Adan'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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- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Sep 18, 2013
- Oct 7, 2013
- Currency Exchange Loss:
- Nov 6, 2013
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.