Update on IsraelIsrael needs to request a new loan because he needs working capital to continue investing in his business. It will make it possible for him to buy such accessories as monitors, video cards, paper, ink, USB memory sticks, etc. and to remodel his site. His previous loan helped him buy computers and supplies. Income has increased and so have his economic conditions and family circumstances.
El crédito anterior le ayudo a adquirir unas computadoras, asimismo suministros, los ingresos han aumentado; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsIsrael has dedicated himself to a loan for the purchase of computer repairs. He will buy a wireless signal booster antenna so that he will be able to sell internet service as well as computer accessories such as mouse devices, monitors, USB drives, and hard drives. He notes how these loans hav... More from Israel'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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