Update on Paulino AntonioPaulino needs to buy materials for the electricity in his house: cables, pipes, electrical boxes, a thermal box, and other accessories necessary to distribute the energy inside his home. This will be a big step ahead for Paulino and his family; it will improve their living conditions.
He says that his previous loan was to buy materials for work. Up to the present he has been able to support himself. He bought a vehicle and he's thankful to Kiva for this support because his family's life has improved.
Manifiesta que anteriormente su experiencia con el préstamo fue la adquisición de materiales para trabajo, hasta el momento ha sabido mantenerse, compro un vehiculo y está agradecido con Kiva por este apoyo, porque su familia ha contado con una mejoría en su vida.
Previous Loan DetailsPaulino has decided to request a new loan because he wants to buy some tools for his job as an electrician. He will buy a ladder, wiring, and cables, which are necessary to do his work. He has improved his service to his customers, obtaining more profits to contribute to his home's expenses. His… More from Paulino 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid