Update on Jose MauricioJosé is asking for a loan in order to be able to continue offering a good service. He will repair the machines he uses to make clothing and will perform maintenance on them. He will also purchase fabric in different colors. This investment will help him to be able to have what he needs for his business.
The effect the loans have had on him is that his business is more stable. He wants to keep improving clothing production. He has also been able to improve customer service and to give his family everything they need.
El efecto que ha tenido con los prestamos es que posee su negocio mas estable, quiere continuar mejorando la elaboración de prendas de vestir, ha logrado mejorar también la atención a los clientes y mantener a su familia con todo lo necesario.
Previous Loan DetailsJosé lives with his wife and daughter. He’s a tailor. He makes pants and shirts for children and men. He’s been in this occupation for 12 years. He learned working in haute couture shops and now he has his own shop; he does not have a fixed work schedule. He will use the loan to buy ... More from Jose Mauricio'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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