Check out other loans that are currently fundraising!
Juan Francisco

Update on Juan Francisco

Juan is requesting another loan in order to buy fish, shrimp, sand, wood, pedals, tires, paint, patches, and other spare bike parts. In this way, he will continue manufacturing bricks, selling fish, and repairing bicycles to later sell. He will keep working to cover his family's basic expenses. With the capital from his previous loan, Juan strengthened his business, improved his income, paid off his debt, and gave his family a better lifestyle.
View original language description ↓
Juan, opta por un nuevo crédito para comprar pescado, camarones, arena, leña, pedales, llantas, pintura, parches y otros repuestos para bicicletas, de esta manera seguirá fabricando ladrillos, vendiendo pescado y reparando bicicletas para luego venderlas, se mantendrá trabajando y cubriendo las necesidades básicas de su familia.
Con el capital anterior su negocio se fortaleció, mejoro sus ingresos, cancelo la deuda adquirida y su familia tiene un mejor estilo de vida.

Previous Loan Details

Juan lives with his life partner and their three children. His business is selling used bicycles. He has done this work for 2 years. For the past 5 years, he has also sold bricks. He has also sold fish for 7 years. These are the trades he does on his own which he learned because he needed income… More from Juan Francisco'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
  • 674
    View loans »
    El Salvador Loans Fundraising
  • $22,070,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Juan Francisco to buy fish, shrimp, sand, wood, pedals, tires, paint, patches, and other spare bike parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2014
Listed
Jul 19, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015
This photo was used before for a previous loan for Juan Francisco. It was first posted on Kiva on Feb, 2014. Learn More