Update on David OmarDavid improved his business thanks to his previous loan by purchasing a new video game console in cash. His family's situation is now better than before. He made his loan payments on time and is teaching his children how to repair video game consoles so that in the future they can start their own business.
David needs more capital in order to buy the latest video games on the market. The new games will allow him to surpass the competition. He hopes to repeat the positive effects of his previous loan and promises to make his payments on time.
David, requiere más capital para comprar los videojuegos más novedosos del mercado con los que su negocio supere a la competencia, espera tener el impacto positivo del crédito anterior y tener puntualidad en el pago de sus cuotas.
Previous Loan DetailsDavid is requesting capital again because he sees the loans as a very useful tool for quickly expanding his business. With this loan, he will purchase a game counsel to keep updating his services. With the previous loan, David earned a lot more satisfied customers, a well-equipped business and… More from David Omar'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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This loan has been fully funded!
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jul 28, 2014
- Aug 18, 2014
- Currency Exchange Loss:
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.