Update on Carlos AlbertoCarlos needs more working capital so that he can continue investing in his store to help strengthen it. This investment will allow him to buy basic grains such as rice, beans, sugar, salt, fruits, and vegetables.
The previous loan helped him to improve his profit and he was able to grow his business and satisfy his customers. His financial situation and family circumstances have improved.
El crédito anterior le ayudo en gran manera a mejorar las ganancias y logro crecer en su negocio, también brindo satisfacción a los clientes. Las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsCarlos manages a store selling basic grains and basic staples. He lives with his family consisting of his wife and two children who are 12 and 7 years of age; all depend on him economically. The business is located at home and he and his wife tend to it daily since it’s the family’s main source... More from Carlos Alberto'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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