Update on Oscar ArnulfoOscar needs a new loan so he can continue to invest in his business of selling firewood and food items. This will allow him to buy corn, candy, firewood, and other things for his customers.
The previous loan allowed him to increase his inventory and earnings. The financial situation and quality of life has improved for his family.
El crédito anterior le permitió incrementar sus inventarios y obtuvo mayores ingresos; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsOscar’s requesting a new loan because he needs to invest more in the business; it will make it possible for him to buy firewood to then sell it in the winter. This way he’ll have product stocked for when he needs it. The previous loan helped him increase his inventory. His family condition h... More from Oscar Arnulfo'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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