Update on Kenneth EduardoKenneth is a young man who has dreamed of having his own business ever since he was little. For a year now he has been selling motorcycle and auto spare parts. He is very grateful for the confidence shown in him and the opportunity he received through his first loan, allowing him to establish a good credit record. He used the loan to buy parts and now offers better products after moving into a larger shop.
His goal for the future is to have a successful business. The new loan he is requesting is to buy motorcycle and auto parts and accessories such as helmets, engines, coils, bushings, chains, and lamps.
Su meta a futuro es tener un negocio exitoso, su meta próxima es comprar repuestos de motos como cascos, motores, bovina, buchings, cadenas, foco y accesorios para carros, que es para lo cual está solicitando el financiamiento.
Previous Loan DetailsKenneth, is 25 years old and single. He works selling spare car and motorcycle parts. He studied systems engineering, but the scarcity of emplyment forced him to look for other ways to make a living even though it was outside of his career. His father has supported him from the beginning. He ... More from Kenneth Eduardo'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