Update on Elvin AlexanderElvin invested his previous loan in materials to equip his metallics workshop and to create pieces of pottery including pots, pans and griddles. This support has provided a big benefit because he discharged his debt on time and provided economic support to his mother. In his life there have been changes that he mentioned including that he is married, he has a 6 month old son, and that he is currently employed as a mason. The new loan that he is requesting will be used to purchase tiles, chisels, a level, shovels, trowels and other tools used to complete his work and to obtain earnings to subsist on with his family.
En su vida han habido cambios dentro de los cuales menciona que ya está casado, tiene un hijo de 6 meses de nacido y que su actividad económica actual es la albañilería, el nuevo préstamo que requiere lo utilizara para comprar escuadras, cinceles, regla niveladora, palas, cucharas y otras herramientas útiles para realizar su trabajo y seguir teniendo ingresos para subsistir con su familia.
Previous Loan DetailsElvin is a young person who is 20 years old. He lives in Guatajiagua, in the department of Morazan. He is single and lives with his mother. She helps him a lot with his business, which is creating pots and griddles out of clay. He is also learning how to make metal items. The making of pottery he… More from Elvin Alexander'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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Success!! The loan was 100% repaid