Update on Jose AdanJosé needs capital to invest in buying corn, firewood, rice, cooking oil, soft drinks, sugar, other beverages, and more items for making tortillas to sell and stock up his store.
The last investment helped him to make his business to be more competitive, attend to more customers, generate income, pay off debt, and improve everyone's health and nutrition.
La inversión anterior le ayudo a que su negocio fuera más competitivo, atendió mejor a sus clientes, genero ingresos con los que ha cancelado las cuotas de su crédito, ha mejorado la alimentación y salud de todos.
Previous Loan DetailsJose lives with his wife. They administer a store, a business they have had for 4 years. Their hours of operation are from 6:00am to 7:00pm. Up to date they have not had any problems with the business. He requests a loan to purchase merchandise such as sugar, cooking oil, rice, beans, eggs, and ... More from Jose Adan'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