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Carlos

Update on Carlos

Carlos needs to apply for a new loan because the bicycle he uses to sell bread is broken. He will pay for the bicycle repairs and buy various breads to resell. The previous loan was very important to Carlos' business since he had the financial resources to buy the products to offer his customers. Today, he has several new customers, better sales, and more stable finances.
View original language description ↓
Carlos, se le presenta la necesidad de solicitar un nuevo crédito debido a que la bicicleta en la que sale a vender pan se le daño, pagara las reparaciones de la bicicleta y comprara variedad de pan para la reventa.
El crédito anterior ha sido de mucha importancia en el negocio de Carlos puesto que ha contado con los recursos económicos para adquirir el producto que ofrece a sus clientes, hoy en día cuenta con más clientes nuevos, mejores ventas y una economía más estable.

Previous Loan Details

Carlos lives with his life partner and their children. His business consists of selling bread from a bicycle. He begins his rounds at 7 a.m. and finishes at 2 p.m. He has no difficulties that prevent him from carrying on his business, however he needs to increase his income, so he is requesting a... More from Carlos'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.

About El Salvador

  • $4,900
    Average annual income
  • 622
    View loans »
    El Salvador Loans Fundraising
  • $25,002,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Carlos to pay for bicycle repairs and to buy various breads for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Carlos. It was first posted on Kiva on Oct, 2013. Learn More