Update on Juan AngelJuan is requesting a new loan to be able to invest in buying fruit since they are his work capital. This is in order to continue with his business. He will purchase coconuts, watermelon, and oranges since they are seasonal fruit and he manages to get them at a good price.
Juan expresses that with the previous funding he has managed to support his business, transporting it to various areas where he considers he has a good number of customers. During this period he has managed to improve his earnings and get by with his sales.
Juan manifiesta que con los financiamientos anteriores, han logrado mantener el negocio transportándose a varias zonas donde ya considera tener un buen número de clientes, durante este período ha logrado mejorar sus ingresos y se ha mantenido con sus ventas.
Previous Loan DetailsJuan makes his living selling fruit. He is married and lives with his wife and a granddaughter. Juan has been in the fruit selling business for 12 years, full-time. He sells his fruit on the street offering coconuts, watermelons, oranges and bananas. Juan is requesting the current loan to… More from Juan Angel'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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