Update on Alcides AristidesAlcides is requesting a new loan to keep investing in his salt sales business. This will allow him to buy packing bags. He will also buy one load of iodized salt.
His previous loan helped him to increase production. His sales and income increased; his economic conditions and his family's circumstances have improved.
El crédito anterior le ayudo a mejorar la producción, aumentaron las ventas e incrementaron los ingresos; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsAlcides lives with his family and earns his living by selling salt. He is married and has two children (ages 5 and 7) who are financially dependent on him. Alcides started this business as a way of providing his household with whatever is needed. He learned this business from his father.… More from Alcides Aristides'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