Update on Eris RodolfoEris is adjusting his inventory for the end of the year season when sales increase and his customers look for a greater variety of products. He will buy notebooks, pencils, erasers, pencil sharpeners, corn, beans, sugar, drinks and candy.
With his previous loan, the products he purchased satisfied the needs of his customers, increased sales, and his earnings improved. With this enhanced income, Eris made his loan payments on time and made additional contributions to household expenses.
Con el crédito anterior sus productos satisficieron las necesidades de sus clientes, aumentaron sus ventas, sus ganancias mejoraron y con ellas cancelo las cuotas del crédito, contribuyo más a los gastos de su casa.
Previous Loan DetailsEris is requesting a new loan to strengthen his business. He thinks the institution has a good customer service. With the loan, he will buy stationery items such as notebooks, books, pens and pencils. He will also buy basic grains, rice, beans, sugar and salt, among other supplies. The previous… More from Eris Rodolfo'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