Update on Jose RigobertoJosé sees the need for another loan to provide capital for his business. He will use the loan to buy corn, rice, beans, sugar, soap, and more. He increased inventory and his income with the previous loan. His finances and his family's living conditions have improved.
El crédito anterior le ayudo a incrementar sus inventarios y obtener mayores ingresos; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJosé lives with his wife and four children. He’s married and a basic grains merchant. He’s been in this business four years now and works Monday through Saturday. Sometimes he works as a street vendor selling in throughout the cantons in his car. He’s asking for a loan to buy basic grains… More from Jose Rigoberto'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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Success!! The loan was 100% repaid