Update on Cesar AlbertoCesar needs a new loan because he needs more working capital, which will allow him to buy spare parts to fix up his pickup truck, which is his work equipment for transporting household appliances.
The previous loan was helpful and his financial conditions have improved and he has been able to pay his debts.
El efecto del crédito anterior fue favorable, ya que las condiciones económicas han mejorado, por lo que ha generado utilidades y ha logrado pagar sus deudas
Previous Loan DetailsCésar needs maintenance on his vehicle that he uses for work transporting furniture for a company. The new loan will cover paying a mechanic for vehicle maintenance to the bed, painting and putting in mats. The last loan helped him buy sewing supplies. He now uses the vehicle to make trips to… More from Cesar 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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