Update on Juan FranciscoJuan 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.
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 DetailsJuan 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 »
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
- Jun 27, 2014
- Jul 19, 2014
- Currency Exchange Loss:
- Jan 17, 2015
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.