Update on Roberto CarlosRoberto is requesting a new loan to invest in his business selling basic household products. This will allow him to buy products such as cereals, oils, etc. His previous loan allowed him to invest in his store and meet his customers' needs as he bought a range of merchandise. His income has increased.
El crédito anterior le permitió invertir en la tienda y satisfacer la necesidad de sus clientes ya que posee variedad de mercadería. Los ingresos económicos han aumentado.
Previous Loan DetailsRoberto lives with his parents and one brother, and is single without any children. He runs a store that sells basic products and this business has helped him generate income for his household. It began with his father from whom it was inherited so that he continues investing and developing it in… More from Roberto Carlos'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