Update on Jose RigobertoJosé is requesting a new loan so that he can invest his business. His goal is to utilize his resources so that he can grow and excel in this trade. José will buy new clothes, sandals for women and girls, and also restock on handicrafts such as necklaces, earrings, and bracelets. He hopes to have good results with this investment.
The effect of his previous loan resulted in more earnings due to an increase in sales. In addition, he believes these benefits have led to an improvement in the living conditions of his family.
El efecto que ha tenido con el préstamo anterior le ha generado mejores ganancias, pues sus ventas le han aumentado, además considera que estos beneficios han llegado a mejorar las condiciones de vida de su familia.
Previous Loan DetailsJosé resides in San Miguel and sells handicrafts and clothing. He lives with his wife and two children, ages 14 and 5. José started in this trade with his brother, but he later became independent and established his own vending post at the municipal market in San Miguel.
He is currently r... More from Jose Rigoberto'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