Update on Miguel AngelMiguel is asking for a new loan to invest in his business. By buying medicines, he can stock a variety of vitamins, analogous carbohydrates, nutrients and other medication to sell, which will help him to offer products to his customers.
The previous loan appears to have had a positive impact on Miguel, as it improved the availability of medications, which helped him to retain customers, and his quality of life is also better.
El manifiesta haber tenido un efecto positivo con el préstamo anterior, pues mejoro la disponibilidad de medicamentos en el negocio, que le ayudo para mantener a la clientela, su calidad de vida tambien está mejor.
Previous Loan DetailsMiguel sells medicines. He lives with his wife and 3 children aged 14, 15 and 18 years. He distributes his medicines by catalogue to businesses. He works every day from Monday to Friday. He will use the loan to buy mediciines: analgesics, vitamins and antibiotics which will help him increase h... More from Miguel Angel'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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