Update on Joel AlfredoJoel has decided to take out a new loan because he needs money to buy raw materials like clay, grass and firewood to manufacture roofing tiles which are the ingredients needed to make this product which is useful for building roofs. He comments that he had a positive experience with the previous loan; it helped him improve his sales to customers and this led to profits that have been invested in the family and in the business itself.
El comenta que con el préstamo anterior, tuvo una experiencia positiva ayudándole a mejorar sus ventas a los clientes, con esto recibió ganancias que han sido invertidas en la familia y en el mismo negocio.
Previous Loan DetailsJoel lives with his wife and three children. He works as a craftsman producing tiles, making them with clay and later burning them in an oven to finish the production. This business has provided a permanent source of income and has helped him support his family. He is asking for a loan in ord... More from Joel Alfredo'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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