Update on Jose DavidJose continues to have his carpentry shop. At this time he requests a loan to purchase cedar, pine, and olive wood. These are the primary materials that he uses in his work, building furniture for his clients. Jose has managed to keep up his activities thanks to the previous loan. The materials which he purchased helped him to carry out project. He hopes that with this purchase he will be able to improve his ability to respond to his clients, in giving them the furniture which they require. He hopes to continue his work with the help of these loans.
Previous Loan DetailsJosé is a 54 year old gentleman who works as a carpenter. He lives with his daughter in Usulután in the Department of Usulután. Don José has managed a workshop for ten years and also has a store that he opened a year ago. He is requesting a loan to buy wood for his workshop and merchandise ... More from Jose David'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.
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