Update on Juan AntonioJuan is a mechanic, he is originally from León, and his small business consists of giving his services to repair automobiles and motorcycles. The loan has helped him to have materials to work with, he bought spare tires. Juan feels that he gives a better quality in service to his customers. He needs to have part of his work tools replaced which he will do little by little, he needs a good compressor, more wrenches and a good blowtorch. Juan needs the loan to buy more work tools like car oil, nuts, wheels, etc. His goal is to see his business grow, provide good service and to have more customers, all to give his family a better quality of life.
Previous Loan DetailsDon Juan, 60, is married and has five children, two of which are in high school and the others independent. He is from the city of León and is a merchant by trade. He has a vulcanization workshop and has been in business for 20 years on the outskirts of the city. Before he started his business… More from Juan 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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Success!! The loan was 100% repaid