Update on Jose LuisJosé is asking for a new loan because he received good attention. Also, he needs a loan to purchase the merchandise for the shop, such as soda, juice, Gatorade, and other things that are necessary to sustain the business.
With the previous loan he things that his business grew the merchandise. His earnings have been large because his clients demanded his products. In this family are all his members.
Con el préstamo anterior él considera que su negocio aumento la mercadería, sus ganancias han sido mayores porque sus clientes demandaron de sus productos, en su familia están todos sus miembros.
Previous Loan DetailsJosé is requesting a new loan to buy merchandise for his business. He will buy soda, juice, mangoes, watermelon and cucumbers, so that he can keep his business running. José's previous loan was invested in buying products to maintain his business. He believes that his situation has improved an... More from Jose Luis'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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