Update on Mario MauricioMario is requesting a new loan so that he can invest in his cargo truck. He needs to buy new replacement tires, but he does not have enough income to make this purchase. Using this loan is a better alternative than having to pay for repairs.
His previous loan resulted in his truck having optimal conditions. As a result, he has been able to make trips this entire time. Mario’s family circumstances remain stable since the income he makes from the trips using his truck has improved.
Con el préstamo anterior logró tener en óptimas condiciones el camión, con el cual ha permanecido realizando viajes en todo este período, sus circunstancias familiares se mantiene y su fuente de ingresos que son los viajes en el camión está mejorando.
Previous Loan DetailsMario works in cargo transportation. He lives in his own home with his mother and brothers. He does this work in a heavy truck like a van. He learned from a friend how to drive this type of vehicle and now he works by means of travel contracts. He is requesting a loan to invest in truck mai... More from Mario Mauricio'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
- Jun 27, 2012
- Jul 19, 2012
- Currency Exchange Loss:
- Sep 18, 2013
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.