Update on Luis AlbertoLuis, at the end of this year, is requesting a loan to continue his business. He will buy tomatoes, onions, cabbage, corn and pork. These are necessary to carry out his business. This will give Luis the ability to help his wife with the sale of goods.
He said that working with the loans has permitted him to stabilize his economic situation, grow his clientele with good service, and improve his living conditions.
Él manifiesta que el trabajo con los créditos le ha permitido estabilizar su situación económica, aumentar la clientela con el buen servicio, en su hogar sus circunstancias han mejorado.
Previous Loan DetailsLuis is dedicated to help his wife in the sale of pupusas (regional dish). He lives with his family. They have two children that are 8 and 4 years old. He started this business with his wife for additional income. They run it together and they tend to it everyday. He is requesting a loan to p... More from Luis 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
- 14 months (Additional Information)
- Repayment Schedule
- Dec 22, 2012
- Jan 2, 2013
- Currency Exchange Loss:
- Aug 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.