Update on Jose GabrielJose is requesting a new loan in order to invest for his business. This purchase will allow him to repair his vehicle, which he needs to make sales every day. He will use the rest of the loan to purchase merchandise for his store, and in this way offer better service to his customers.
The previous loan helped him to increase his profits and improve his earnings. His family circumstances are maintaining.
El crédito anterior le ayudo a aumentar su utilidad y mejorar sus ingresos. Las circunstancias familiares se mantienen.
Previous Loan DetailsJose wants to invest more into his business and hopes to succeed through the help of these loans. He will use the money to buy various sizes of shoes and various colors and styles of clothing for both genders. The money from the previous loan helped to increase his sales and profits, and… More from Jose Gabriel'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.
About El Salvador
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Success!! The loan was 100% repaid