Update on Ricardo AntonioRicardo would like to invest in his business, buying vitamins which he will go out and sell. He will also buy new clothing such as blouses, shirts and other garments that sell well.
Ricardo's previous loan helped him to grow his business. He was able to have available everything he needed to do his work. His family's living conditions are better than they were before.
El préstamo anterior le ayudo permitiéndole crecer y tener lo necesario para trabajar, sus condiciones familiares han sido mejor que antes.
Previous Loan DetailsThanks to the good attention Ricardo has gotten from our institution he's decided on another loan to increase his business selling medicine which will help him obtain better sales results and thus earn more income. The products he'll buy are varied: medicinal products, nutritional… More from Ricardo 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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