Update on Santos ManuelSantos is asking for a loan to invest in repairs for his cargo truck. He plans to change the truck's brakes and tires, which will allow him to operate his business safely and earn the necessary income to sustain his home's expenses.
With his previous loan, Santos also invested in his truck which allowed him to continue running his business. He was able to improve his income, pay off his debt, and offer his family better food, health, and clothing.
Con el crédito anterior su beneficio fue mantenerse trabajando realizando viajes en su camión de carga, con lo que tuvo mejores ganancias, cancelo sus cuotas y ofrece a su familia mejor alimentación, salud y vestuario.
Previous Loan DetailsSantos is single and lives with his parents. He works in freight transport. For two years he has worked transporting sand, gravel, earth, stone and cinder blocks; this work provides income to meet his needs. He is currently seeking a loan for the purchase of spare parts for his truck, as the... More from Santos Manuel'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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