Update on JustinianoJustiniano decided to request a new loan so that he can buy bicycle parts, a few automobile parts, and some tools for his workshop. These purchases will include patches, brake sets, pedals, and seats so that he can also repair a few cars. This loan will allow his workshop to have more capacity and enable Justiniano to keep working.
The effect of his previous loan was positive. He was able to make a few bicycle repairs, so purchasing the parts allowed him to complete the work. Justiniano also made delivery trips to increase his income.
El efecto que le dio el préstamo anterior fue positivo, ya que realizo algunas reparaciones de bicicletas y compro los repuestos que le permitieron realizar su trabajo, además realiza viajes para aumentar sus ingresos.
Previous Loan DetailsJustiniano decided to request a new loan so that he could buy more spare parts for his bicycle workshop as he lives off his business. His purchase will help him to keep in stock everything he requires to meet his customers' needs. He will buy pedals, saddles, brakes, chains and tubes. His pr... More from Justiniano'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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