Update on Eris RodolfoEris is requesting a new loan to strengthen his business. He thinks the institution has a good customer service. With the loan, he will buy stationery items such as notebooks, books, pens and pencils. He will also buy basic grains, rice, beans, sugar and salt, among other supplies.
The previous loan helped him to increase his profits and his customers are satisfied with the assortment he has. His family’s financial and living conditions have improved.
El crédito anterior le ayudo a mejorar las ganancias y su clientela satisfechos por la mercadería que brinda; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsEris runs both a book store and a general store. He lives with his in-laws and his wife and 2 children, ages 7 and 15. They are economically dependent on him. His business is located in the city. He works with one employee every day of the week. The business has a paper supplies and book section ... More from Eris Rodolfo'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