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Update on Joel

Joel is requesting a new loan for his business in order to buy soft drinks in various flavours, and sodas. This will help him to increase his inventory and to have a greater availability when he serves his customers.

With the previous loan, he managed to strengthen his business making it more profitable by increasing his sales and customer base. His economic situation has now changed, and he has settled some of his family's basic needs.
View original language description ↓
Joel, está solicitando un nuevo préstamo para su negocio, comprándose refrescos de varios sabores y gaseosas, esto le ayudara para aumentar su inventario y tener mayor disponibilidad al momento de atender a sus clientes.
El con el préstamo anterior logro fortalecer el negocio, haciendo mas rentable, incremento sus ventas y la clientela, sus condiciones económicas han cambiado, ha solventado algunas necesidades básicas de su familia,

Previous Loan Details

Joel lives with his wife and two children. Everybody in the family works. Joel runs a store where he sells basic household products. This business came about through his own initiative. The business is located in his own home and he works in it all day. Joel is requesting a loan to buy sod... More from Joel's previous loan »

Additional Information

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

  • $7,500
    Average annual income
  • 553
    View loans »
    El Salvador Loans Fundraising
  • $31,742,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,025 helped Joel to buy soft drinks and sodas.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 18, 2012
May 19, 2012
Currency Exchange Loss:
Jun 18, 2012
This photo was used before for a previous loan for Joel. It was first posted on Kiva on Nov, 2011. Learn More