Update on Dimas MarinDimas is seeking a new loan in order to improve his seafood business. He continues running said business with his wife. This time he will buy fish, shrimp and conchs which are needed for offering to the clientele. This loan will help him provide continuity to the business by keeping fresh quality products.
The previous loan had a positive effect in that it helped him improve his family situation, covering the costs related to improvements to his housing and also investing in the same business.
Con el préstamo anterior tuvo un efecto positivo que le ayudó a mejorar su situación en la familia, cubriendo los gastos correspondientes en el mejoramiento de la vivienda y tambien invirtiendo en el mismo negocio.
Previous Loan DetailsDimas lives with his wife and 2 children, who are 11 and 15. He works as a security guard for the city. He is also a construction worker, and his family depends on him. He is currently remodeling part of his home, which is why he is requesting a loan to invest in construction materials like ... More from Dimas Marin'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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