Update on Elmer AlirioElmer is requesting a loan to strengthen his business. He will buy supplies and materials for making key rings and keys. Elmer will also buy CDs, musical DVDs, and movies. He is hoping to have acceptance from his customers and to improve his sales.
His previous loan helped to improve his inventory of car alarms, which he installs into vehicles. This allowed him to stay in business and provide good service to his customers. With the loans, he has always maintained what he needs to satisfy the demand.
El préstamo anterior le ayudo para mejorar el equipo de alarmas, con el cual hace las instalaciones a los vehiculos, esto le a permitido mantenerse en el negocio y brindar un buen servicio a sus clientes, ya que por los prestamos ha logrado siempre mantener lo necesario para atender la demanda.
Previous Loan DetailsElmer lives with his wife and one year old daughter. He sells keys, car alarms, and compact disks. At present her has several customers. He wants a loan to invest in buying music CDs and material to make keychains (metal rings, colored rubber, canvas). With this purchase, he will improve his i... More from Elmer Alirio'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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