Update on Jose NeftaliJosé needs more capital to invest in his business, so he is requesting this loan. He will use it to buy electric irons, frying pans, blankets, hammocks, etc. His last loan was very useful. It helped him to pay off his debt and the household expenses. Now he is working with his own money.
El crédito anterior fue de mucha ayuda, el cual le permitió generar suficientes ingresos para cancelar la deuda y gastos del hogar; hoy en día trabaja con dinero propio.
Previous Loan DetailsJosé sells home appliances. He lives with his wife and one-year-old daughter. He started the business through a suggestion from his brother who taught him ten years ago. His work schedule is 6am to 7pm. He is currently asking for a loan to buy home appliances, pots, pans and soup pots. This… More from Jose Neftali'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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