Update on Francisco AntonioFrancisco has decided to apply for another loan to buy household items to resell to his customers: pots, lamps, stoves, and shoes. These are some of the products he will buy with the loan. His previous loan helped increase sales and income, but he thinks he should keep investing so that his business keeps growing.
Con el préstamo anterior considera que ha mejorado sus ventas, sus ingresos tambien son mejor, pero cree que debe seguir invirtiendo para estar en mejora continua.
Previous Loan DetailsFrancisco is requesting a loan for the purchase of merchandise so he can continue selling in the areas where he has customers. He will buy fans, cabinets, and irons. This purchase will help him to be able to support himself with various items so that his customers will buy them, as they are neces... More from Francisco 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.
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