Update on Guadalupe EnriqueGuadalupe is 36 years of age, a Kiva client, and a merchant who has a barber business. He is very proud of the fact that his 1st loan was of great help, enabling him to increase his customer base and, at the same time, to have better income. That is why today he is soliciting his 2nd financing, so that he can purchase a table, chairs, scissors, combs, mirrors, etc.
Guadalupe intends to improve the infrastructure of the location where he has his business, in order to provide better service to his customers.
Previous Loan DetailsGuadalupe has two children, ages ten and seven. He works at a barber shop. In spite of studying architecture, which is a career without much demand, he did not give up. He looked for another way to survive. That is why he established his own barber business, which he has had for four years.… More from Guadalupe Enrique'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