Update on Juan CarlosJuan has decided to seek a new loan to purchase supplies so that he can expand on the good service that he offers to his clients. He will buy motor oil, brake levers, brake pads and other parts. This will enable him to perform his work without major difficulties.
As a result of his previous loan he feels that he was able to improve his service to his customers, since he was able to buy more tools and spare parts to help him perform his job. His customers have been very satisfied with his work.
Con el préstamo anterior considera que su negocio aumento sus servicio a los clientes, esto le ha permitido que su clientela este satisfecha, ya que adquirió mas herramientas para su trabajo.
Previous Loan DetailsJuan is married and he and his wife have a two-year-old son. He repairs motorcycles, an occupation he learned while employed in a repair shop. Today, he works independently and it’s his source of income for his home. He wants to invest in the business and this is why he’s asking for a loan tha... More from Juan Carlos'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
- Feb 15, 2013
- Mar 5, 2013
- 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.