Update on Jose AmadeoJosé’s requesting a new loan because he’s starting a new occupation which is manufacturing school uniforms. José has the ability to sew and he currently has orders from schools although he still works selling merchandise though he dedicates less time to this. This loan will be used to buy fabric, thread and a sewing machine to improve the business strengthening it with what’s most necessary.
He considers that the previous loan helped his merchandise business very much because he made a good investment. He’s currently improving and stabilizing in the new occupation which he hopes will improve his family’s quality of life.
El considera que el préstamo anterior le ayudo mucho en el negocio de mercadería, pues realizo una buena inversión, actualmente está mejorando y estabilizándose con esta nueva ocupación, con la que espera mejorar la calidad de vida de la familia.
Previous Loan DetailsJosé sells artisan crafts and sells shoes (sandals, beach shoes) has a son and a wife under his care. He has been doing his job for some time and does so by foot. At the moment, he is requesting a loan to buy necklaces, bracelets, earrings to offer them to his clients which are mostly young. José's… More from Jose Amadeo'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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