Update on Jose GuadalupeJosé, who lives in the city of Granada, is father of twins and a salesman in his grocery store business. He's a client of Kiva and feels very grateful for his first loan. He invested it in firewood, rice, sugar, bread, coffee and basic grains, and was able to grow his business and increase sales thanks to this financing. This is why he is now requesting a second loan to continue investing in the same type of products, such as rice, sugar, cosmetics and basic grains. One of his goals is to repay the loan so as to be able to request a new one and continue growing as a businessman.
Es por esta razón que él está solicitando su segundo financiamiento para seguir invirtiendo en lo mismo como arroz, azúcar, cosméticos y granos básicos. Uno de sus propósitos es poder cancelar el crédito para volver a solicitar otro para seguir creciendo como empresario.
Previous Loan DetailsSeñor Jose is 51 years old. He is a businessman, owner of a grocery story. He lives in the city of Granada and is the father of twins. He set up his business using his own capital, money that he had earning from his previous job. He began selling firewood, through which his business grew. He cont... More from Jose Guadalupe'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