Update on JoelJoel 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.
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 DetailsJoel 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 »
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
700View loans »
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Apr 18, 2012
- May 19, 2012
- Currency Exchange Loss:
- Jun 18, 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.