Update on AlexanderAlexander is 31 years old and a Kiva client. He is very grateful for the support of his first loan since it came when he most needed it. He was able to invest more in his business to purchase raw materials like flour, meat, oil and vegetables needed to make his delicious enchiladas (tortillas filled with meat and rice). Alexander is now requesting a second loan in order to buy firewood, flour, cabbage, rice, oil, meat, etc. to make a great quantity of enchiladas, so he can improve his sales. He always has the idea of having a buffet offering homemade dishes.
Previous Loan DetailsAlexander brings a display cabinet outside his house and uses it to show his products. He works selling enchiladas, one of the most common dishes in the city. That is how he earns a living. Alexander is a humble resident of Estelí, he is 31 years old, and is a microcomputer operator by profession.… More from Alexander'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