Update on Carlos MarioCarlos has the opportunity to invest more in his business selling clothes and accessories for women: he will buy clothes for women and men (different styles, colors, and sizes) and also earrings, bracelets, rings, and necklaces. This will give him a greater variety of goods for his customers. He used his previous loan to grow his services. The business has new customers and he continues to offer better living conditions to his family.
His immediate family stays the same and all are healthy and strive day to day to sustain the business.
Su núcleo familiar se mantiene igual, todos se encuentran saludables y día con día se esfuerzan por mantener su negocio.
Previous Loan DetailsCarlos is a clothing merchant. He lives with his mother and is 26 years old. For three years he has run his own clothing business and works from Monday to Friday selling clothing apparel for men and women. Currently he needs to make an investment in new clothing. He is requesting a loan to… More from Carlos Mario'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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