Update on Juan CarlosJuan doesn't have much produce left to sell to customers in his shop, so is asking for a new loan to invest in buying items such as pasta, soap, snacks, soft drinks, juice, sweets, bread, oil, rice and eggs. This will enable him to stock what his customers ask for in his business.
His previous loan helped him at the time to widen the variety of goods in his business. His customers increased and his profitability improved somewhat. Through this, he was able to pay off his loan and also provide his family with a more dignified way of life.
El crédito anterior le ayudo en su momento para mejorar la variedad de mercadería de su negocio, sus clientes aumentaron, la rentabilidad a mejorado un poco y con ello se le ha facilitado cancelar sus deudas así como también ofrecer un estilo de vida más digno a su familia.
Previous Loan DetailsJuan needs more working capital to keep investing in his shop. This will allow him to purchase basic products such as candy, rice, beans, sugar, salt, soap, toilet paper, etc. The previous loan helped him to improve his supplies and increase his income. Economic conditions have improved and his... More from Juan Carlos'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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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Mar 18, 2014
- Apr 3, 2014
- Currency Exchange Loss:
- Oct 17, 2014
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.