Update on Salvador ManuelSalvador is asking for a new loan to be used in investing in his business. This loan will allow him to purchase various products like shampoo, creams, lotions, and tools for home and more. He hopes that with these items he will have higher demand and will help him to continue growing his business because he will be able to meet customer demand and will be able to improve his earnings.
His family's economic conditions and circumstances that improved with the previous loan.
Las condiciones economicas y las circunstancias familiares han mejorado con el credito anterior.
Previous Loan DetailsSalvador sells cosmetics and household products. He’s a man of his home. He’s single and has no children. He lives with his family. He learned the business on his own initiative and has been in it for a year. His business difficulty is when his products are late in arriving. He’s requesting… More from Salvador Manuel'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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