Update on Henry AlexanderHenry takes care of a store that sells basic needs products. The store emerged from he own initiative. He decided to have a source of income in order to pay for the necessities.
He is requesting a loan to buy rice, sugar, cooking oil, and salt. This loan will help him increase the inventory of his merchandise. It will also help him to be able to give his customers better service. This will allow him to have improved profits.
With the previous loan he managed to improve his house. He made it more comfortable for his family. He still continues to work for a delivery company.
Él solicita un préstamo para la compra de arroz, azúcar, aceite, Sal, este préstamo le ayudará a incrementar el inventario de la mercadería y poder mejorar el servicio a sus clientes, ya que esto le permitirá tener una mejor rentabilidad.
Con el prestamo anterior logro realizarle mejoras a la vivienda, dandole mejor comodidad a su familia, y aun continua trabajando para una empresa de envio de encomiendas.
Previous Loan DetailsHenry is 38 years old and lives in El Transito department in San Miguel together with his wife and daughter. He is employed as a driver in a delivery company. He earns $360 a month and has been working for this company for 10 years. Henry is in the process of improving his home and for this ... More from Henry Alexander'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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