Update on Josue AbacuJosué has decided to take out a new loan to invest in his bakery business. He will buy flour, eggs, yeast and other products that he uses to make bread. He believes that, by taking out loans, the investment that he has made in his business has improved and he has made better profits.
El considera que a través del trabajo con préstamos, la inversión que ha realizado al negocio ha sido mejor, ya que ha logrado tener mejores ganancias debido a la producción.
Previous Loan DetailsJosué has decided to ask for another loan because he wants to improve his bread production. He will buy tins, wheat flour, sugar and other materials needed to make bread. This will allow Josué to continue his work and maintain a good level of sales. With the previous loan he was able to improve… More from Josue Abacu'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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