Update on Juan CarlosJuan is requesting another loan so that he can buy a new bicycle, and he will use the rest to buy bread to sell. He thinks that through these loans, his business is growing and his economic situation is improving. Once he get this bicycle, he will be able to move around better in the area where he sells.
With his previous loan he was able to do some work on his bicycle, but now he has decided to get a new one. In his business, he has maintained a customer base to whom he distributes his bread each day.
Con el préstamo anterior logro mejorar la bicicleta anterior, pero ahora se ha decidido ha tener una nueva, en su negocio pues ha mantenido la clientela a quienes distribuye todos los dias
Previous Loan DetailsJuan Carlos, age 38, lives in San Miguel. He is married, and he lives with his wife and their two children. He devotes himself to making bread. For five years he has been selling sweet breads. He sells as a street vendor with a bicycle, which carries the bread. His customers are neighbors,… More from Juan Carlos'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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