Update on Jose CelinJose requests a new loan for his business because he wants to buy an assortment of medicine to sell. Among the medicine he would like to acquire are antibiotics, vitamins, restoratives, antihistamines, and other pharmaceuticals that his customers’ need. He attests that the previous loan allowed him to grow and have everything he needed to work. He has been able to maintain sales and little by little has changed his family’s financial situation.
El manifiesta que el préstamo anterior le permitió crecer y tener lo necesario para trabajar, hasta el momento se ha mantenido en sus ventas y ha ido cambiando poco a poco las condiciones económicas para su familia.
Previous Loan DetailsJosé lives with his family, his wife and a child, he is the only one working in his family, and he works selling medicines. He learned from friends who taught him the way of working with medicine. He is asking for a loan in order to buy medicines such as vitamins, curatives, painkillers, among… More from Jose Celin'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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Success!! The loan was 100% repaid