Update on Jorge AdalbertoJorge wants to invest in the purchase of a vehicle to work on and repair some aesthetic aspects (upholstery), since this is how he works: buying vehicles in poor condition, repairing them, using them for another watermelon business and then selling them in good condition. He also has a watermelon business. With this loan he will have the enough money and will buy some parts that will be necessary to fix and sell the vehicle.
He believes that his investments from previous loans have put his business in motion. He has been negotiating for vehicles and selling them. In watermelon season, he buys watermelons in order to sell them. These loans allow him to have a source of employment and income.
Considera que su inversión con prestamos anteriores le han dado al negocio movimiento, ha estado negociando vehículos y vendiendo,en temporada de sandia las compra para comercializarlas, estos créditos le permiten tener una fuente de empleo y de ingresos.
Previous Loan DetailsJorge lives with his children and his wife. He makes his living selling watermelons. He works together with his children to sell the fruit. He purchases the watermelons from the producers. He invests with the farmers who make their livings growing the crop for sale. Jorge has had his busines... More from Jorge Adalberto'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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