Update on Boanerges ArcidesBoanerges is requesting a new loan because he believes that the season of highest demand for food sales is on its way. That is why he needs to invest by buying prawns, fish, calamari, rice, oil, and sodas, as it will help him to meet customer demand.
The previous loan had a positive effect on him because he was able to invest in food for the restaurant and satisfy his customers’ needs. As a result, his business has grown.
Con el préstamo anterior tuvo un efecto positivo, pues pudo lograr invertir en la comida del restaurant, satisfaciendo la necesidad de los clientes, ha aumentado el negocio.
Previous Loan DetailsBoanerges has requested a new loan to buy seafood (fish, prawns and lobster) for his restaurant. He aims to buy them at a better price, so that he can keep the same menu for his customers, and this loan will help him to have the available finances to make these purchases. Boanerges says that t... More from Boanerges Arcides'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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Success!! The loan was 100% repaid