Update on Roberto AntonioRoberto is asking for a loan once again because he wants to invest in his business with more products. He will buy corn, coconuts, new clothes (blouses, skirts and pants) and also fresh fish. All this merchandise is to offer a wider variety to his customers thereby generating more opportunity for profits. He had a positive effect from his previous loan in that his sales have improved and so has his family’s condition.
Él tuvo un efecto positivo con el préstamo anterior, ya que sus ventas han mejorado, la condición de su familia también ha mejorado.
Previous Loan DetailsRoberto sells seafood, new clothing, coconuts, watermelon, and corn for a living. He has been selling all these products for 10 years. He lives with his wife and children in Usulután. He is currently requesting a loan so that he can repair his vehicle and purchase more merchandise. This loan w... More from Roberto Antonio'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.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Nov 4, 2011
- Dec 4, 2011
- Currency Exchange Loss:
- Aug 16, 2012
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.