Update on Pedro AntonioPedro opted for another loan because he needs to invest in his business. He needs the loan to buy bracelets, CDs, toys and everything related to costume jewelry to sell. This loan will be very useful for him to strengthen his merchandise.
His prior credit experience was very beneficial because his profits increased. His family has remained stable but its quality of life has been improving.
Su experiencia con el crédito anterior le dio mucho beneficio; porque aumentaron sus utilidades , su familia se ha mantenido; pero su calidad de vida a mejorado.
Previous Loan DetailsPedro lives with his wife; they don’t have children yet. He works as a street vendor selling crafts outside schools every day of the week. He’s asking for the loan to buy merchandise like stud earrings, toys, decals, necklaces and bracelets to offer his customers thus improving service to genera... More from Pedro 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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