Update on Boanerges ArcidesBoanerges has requested a new loan to buy seafood (fish, prawns and lobster) for his restaurant. He aims to buy them at a better price, so that he can keep the same menu for his customers, and this loan will help him to have the available finances to make these purchases.
Boanerges says that these loans have allowed him to keep what he needs in the restaurant, as well as giving his menus more variety. His family circumstances remain the same, and profitability keeps increasing at his restaurant.
Manifiesta que con el aporte de estos préstamos, ha podido mantener lo necesario en el restaurant, manteniendo más variedad en los menús, las circunstancias familiares se ha mantenido, y en su negocio la rentabilidad sigue aumentando.
Previous Loan DetailsBoanerges lives with his mother. He is single, with no children, and lives in the family home. For ten years he has been in the restaurant business. He began as a restaurant worker and little by little became skilled enough to run a business. Currently he is requesting a loan to buy food… More from Boanerges Arcides'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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