Update on Jose MauricioJosé has decided to request a new loan so that he can invest in his tailoring shop. He will buy a variety of fabrics for making trousers since he has a contract with the central school system. This loan will help him complete the order on time.
José says that his previous loan was a great help since he was able to buy necessary materials for sewing. He has been able to fulfill his commitments and now has a stable business. He hopes to remain productive and have better capacity to respond to orders.
El manifiesta que el préstamo anterior fue un gran apoyo ya que logró comprarse los materiales necesarios para la costura, ha logrado salir con sus compromisos y hasta el momento se encuentra estable en el taller, espera seguir siendo productivo y poder tener mayor capacidad de respuesta.
Previous Loan DetailsJosé lives with his wife and daughter. He’s a tailor. He makes pants and shirts for children and men. He’s been in this occupation for 12 years. He learned working in haute couture shops and now he has his own shop; he does not have a fixed work schedule. He will use the loan to buy… More from Jose Mauricio'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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