Update on Israel AntonioIsrael’s asking for a new loan to buy lubricants because he believes that the previous investment helped him increase his inventory thus being able to serve a larger number of customers. In addition, he was able to get a better price for that purchase because he bought in larger amounts. He believes that having lubricants on hand has made it possible for him to take care of more customers.
El considera que la buena disponibilidad de lubricantes le ha permitido crecer atendiendo más clientes.
Previous Loan DetailsIsrael lives with his wife and daughter and sells automotive lubricants, the trade he learned from the family. He works every day from 6:00 am to 6:00 pm Monday through Sunday. The loan will be used to buy lubricants for petrol and diesel cars and the rest to invest in fixing his car so that his… More from Israel Antonio'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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