Update on Víctor GiovannyVictor is now running a small lubricants business. He wants to improve his business and increase his profits by investing in all types of lubricants for vehicles and motorcycles. This way he will be able to offer better customer service.
With the previous loan he received, he bought a vehicle to get to work. He still works at the gas station which is where he is selling from. This new venture has increased his income as he gets constant business.
Con el préstamo anterior realizo una compra de medio de transporte, aun trabaja en la gasolinera, donde tiene su venta, sus ingresos le han sido mas altos, este negocio se mantiene en constante movimiento.
Previous Loan DetailsVíctor lives with his wife and four year-old daughter. He is employed at a gas station and has been working there for one year. He uses his salary to help his wife cover their family's most urgent needs. He is now requesting a loan to buy a motorcycle, as it will help him to get from his home ... More from Víctor Giovanny'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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