Update on Jose HerbertJosé’s asking for a new loan because he feels his mototaxi needs service. He will pay the mechanic to lubricate it and for the electrical system since this is his means of earning an income by providing transportation services. These repairs will make it possible for him to continue offering safe, comfortable customer service. He considers that his previous loan was also useful for him to improve customer service. His clientele has increased which has led to his having a permanent source of family income.
Con el préstamo anterior el considera que también le sirvió para mejorar el servicio a sus clientes, ha aumentado la clientela y esto le ha permitido tener una fuente permanente de ingresos para su familia.
Previous Loan DetailsJosé is married and lives with his wife and 2-year old daughter. He works transporting passengers in a motorized taxi, and has done so for the past 3 years to support himself. He now seeks a loan to buy spare tires for the taxi, a necessary purchase to provide reliable service and better condit... More from Jose Herbert'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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