Update on Pedro HumbertoPedro is requesting a new loan in order to stock his business with new medicinal products for his clients. He plans to purchase antibiotics and vitamins, serums, etc, that are used to treat various ailments and diseases. He hopes these products will improve the variety of products he can offer to his clients, and will help him to attend to client orders and increase his sales.
His previous loan was very helpful, and allowed him to grow his business and diversify his stock of products, as well as to improve his family's quality of life and increase his income.
El tuvo un efecto positivo con el préstamo anterior ya que le ayudó a crecer y tener variedad de producto, las circunstancias familiares han mejorado ya que ha recibido mejores ingresos
Previous Loan DetailsPedro resides with his wife and two children. He sells medicines and he is the only worker in his family. Pedro began this occupation with the help of some friends. He works on his own, selling in the streets. Pedro needs to buy more medicinal products to sell. For that reason, he is requestin... More from Pedro Humberto'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
- 14 months (Additional Information)
- Repayment Schedule
- May 10, 2012
- Jun 8, 2012
- Currency Exchange Loss:
- Nov 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.