Update on Ines CorderoInes is asking for another loan, since he considers that his last loan provided him with a service which was reasonably helpful. It allowed him to increase the earnings of his shop. With this new loan he will buy products for the business; rice, oil, soap, detergents, which are necessary to keep his customers happy.
The last loan had a positive impact on his business, and now he wants to continue working with these loans, since his earnings were good they allowed him to pay off the loan and contribute to his family’s expenses, improving his quality of life.
Con el préstamo anterior tuvo un efecto positivo, dándole el impulso para seguir trabajando con estos préstamos, ya que sus ganancias fueron buenas le permitieron pagar el préstamo y aportar para sus obligaciones familiares, teniendo una mejor condición de vida.
Previous Loan DetailsInés has two children aged 26 and 31. He manages a store, which he says is a business he has had for 10 years. He started it with his wife, and together they serve in the store every day of the week from 7:00 am-3: 00pm. This business is located in the municipal market. He is requesting a l... More from Ines Cordero'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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