Update on Jose AlbertoJosé needs more working capital to continue investing in his store. This will allow him to buy basic household products such as rice, beans, sugar, salt, oil, drinks, candies, toilet paper, soap, etc.
José's previous loan helped him to increase his stock levels and make more income. His financial situation and his family situation have both improved.
El crédito anterior le ayudo a incrementar sus inventarios y obtener mayores ingresos; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJosé is 31 years old and lives with his wife and their two children, ages six and eight, who are currently going to school. He has been managing an essential goods store for three years. He tends to the business along with his wife. He is requesting a loan in order to purchase basic grains,… More from Jose Alberto'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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