Update on Oscar ManuelOscar wants to grow his clothing business by buying a wider range of blouses, shirts, and other items. He thinks this investment is the solution to growth and improved sales. His previous loan was successful; he bought more merchandise and increased his sales while making a profit.
Con el préstamo anterior tuvo un efecto positivo, compro mas mercadería y mejoro las ventas, sus ingresos fueron mas y hasta el momento el negocio es rentable.
Previous Loan DetailsOscar is a clothing merchant. He is single and lives with his uncles in the family house. He began selling clothes one year ago and the experience has been a success. Therefore, he is requesting a loan so that he can supply his business with an assortment of new merchandise. This loan will be... More from Oscar Manuel'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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