Update on Victor ManuelVictor has decided to request a new loan so that he can invest in his business selling spices. His goal is to increase his income. With this loan, he will buy oregano, pepper, bicarbonate, flax seed, and other herbs.
He states that his previous loan allowed him to increase the availability of products in his business and feed his family. Thanks to this investment, his financial situation has improved.
El manifiesta que el préstamo le permitió mejorar la disponibilidad en el negocio, tambien que su familia cuente con el alimento necesario, gracias a la inversión con el préstamo ha mejorado su condición económica.
Previous Loan DetailsVíctor is requesting a loan so that he can buy merchandise and increase his sale of spices. He plans to buy cinnamon, anise, mustard, oregano, pepper, and starch. These products are what he offers to his customers every day. Víctor’s previous loan enabled him to improve his inventory and ... More from Victor Manuel'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