Update on Jose NehemiasJosé decided to request another loan because he needs credit in order to reinforce his work in both construction and metal structures. He will invest part of this loan in simple tools, and part of it in some home improvements. José comments that these loans have helped him to improve his work by helping him to buy what he needs to run his business. He has been able to establish a good role in his family.
El considera que trabajar con los prestamos le ayudado a mejorar, comprando lo necesario para que el negocio funcione bien, él ha logrado establecer su condición en la familia.
Previous Loan DetailsJosé is requesting a new loan which he will invest, in its entirety, in his metal shop. He will buy welding equipment and materials such as iron, tubes and posts, so that he can continue carrying out jobs at people's homes. This will gain him customers because of his responsibility in his work.... More from Jose Nehemias'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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