Update on Jose CarlosJosé has decided to take out another loan with the intention of improving his small workshop where he works manufacturing leather sheaths for machetes. He will buy the types of leather that are the raw materials to make the sheaths. He states that by means of this support he’s managed to stay in business making sheaths to meet demand and to date has had good sales that have made it possible for him to support his family.
Manifiesta que a través de esta ayuda ha logrado mantenerse en la elaboración de los forros, para poder atender la demanda, hasta el momento ha tenido buenas ventas, de las cuales han servido para la subsistencia de su familia.
Previous Loan DetailsMr. José Carlos is 51 years old, lives in Jocoaitique in the department of Morazan with his wife and two children of 17 and 20 years old. He has a leather working business which is dedicated to the production of leather goods, in this case he makes sheaths for machetes as machetes are used a lot ... More from Jose Carlos'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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