Update on Edras IsaiEdras has improved his business with the help of loans. That is why he has decided to ask for more capital again to renew the inventory of the clothes he sells. He will buy skirts, shirts, pants, dresses, underwear, and other items of clothing in different styles, colors and sizes. With the rest, he will stock the mini-store that he has been able to open. He will buy rice, beans, snacks, bread, oil, soap, eggs, etc. The previous loan allowed him to keep working and generating income to give his family what they need to have a more comfortable life, as well as maintain his good credit history.
La inversión anterior le permitió mantenerse trabajando y generando ingresos con los que ha dado a su familia lo necesario para tener una vida más confortable y mantener su buen record crediticio.
Previous Loan DetailsEdras is married and lives with his wife. He makes a living selling new clothing, a trade he learned from a young age from his father. Edras now works autonomously from 8am until 5pm, depending on sales. It is not difficult for him to run this business. Edras will invest this loan in buying... More from Edras Isai'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 23, 2014
- Currency Exchange Loss:
- May 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.