Update on Carlos AlbertoCarlos needs a loan because his vehicle needs repairs to keep it in good shape. He will use the money to buy tires, repair the body, and do other maintenance that the mechanic feels it needs to be able to provide transportation.
He used the money from the previous loan to help increase his income since he provides trips. He wants to keep his vehicle in good condition because the household depends on this income and his home circumstances have remained stable.
Con el préstamo anterior, ayudo a mejorar sus ingresos ya que se dedica a realizar viajes, por eso es su interés en tener en buenas condiciones el vehículo, pues de este dependen los ingresos para la familia, sus circunstancias en el hogar se han mantenido.
Previous Loan DetailsCarlos lives with his wife and two children. He’s married and works hauling cargo. He makes trips to his customers’ homes transporting corn, feed concentrate, beans and all types of material; he’s been in this business several years now. He is asking for a loan to repair his vehicle. This... More from Carlos Alberto'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
- 17 months (Additional Information)
- Repayment Schedule
- Dec 7, 2012
- Dec 26, 2012
- Currency Exchange Loss:
- Apr 16, 2014
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.