Update on JesusJesus requests a new loan in order to buy parts to improve a vehicle that he acquired to sell. He will buy clutches, spark plugs, and disks, which are what he currently needs to make the repairs.
He had an impact from his previous loan, strengthening his workshop to provide a more complete service. With the profits he has continued working, and his family has not faced any problems; everything has been going the same.
El tuvo un efecto con el préstamo anterior, fortaleciendo el taller para prestar un servicio mas completo, con las ganancias se ha mantenido trabajando, en su familia no ha enfrentado ningun inconveniente, todo se mantiene igual.
Previous Loan DetailsJesús is requesting another loan, through which has has been able to improve his auto repair shop. At this time he plans to invest in the purchase of belts, tires, shocks, spark plugs and other necessary parts so he can tend to customers and meet the demands of their vehicles. With this loan and ... More from Jesus'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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