Update on Walter EnriqueWalter requests a loan to purchase more merchandise to add inventory to his business. He plans on buying more clothing, such as: dresses, pants, shirts, and blouses. This will increase his profits because he will have a wider variety of items to offer his clients.
The previous loan helped him maintain an inventory for his business and through the good sales volume he was able to cancel the loan completely. He has decided on taking out a new loan.
Walter's dream is to have a better quality of life and to increase his sales. His family depends on him to provide them with what they need.
El prestamo anterior le ayudo para mantener el negocio surtido, y gracias a las buenas ventas, cancelo totalmente el prestamo y esta decidiendose por un nuevo prestamo.
El sueño de Walter es tener una mejor calidad de vida y vender mas ya que su familia dependen de él y darles lo necesario.
Previous Loan DetailsWalter is 31 years old and lives in San Miguel. He sells clothing and Christmas commodities. He lives with his wife and their three children ages 12, 10 and 7. They depend on him economically. Walter was raised in the business with his mother and at the time he was wed, he married someone who wa... More from Walter Enrique'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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Success!! The loan was 100% repaid