Update on Benjamin RafaelBenjamín is preparing to buy ink, stationery and replacement parts for his copy machine, so he needs capital to make his purchase. In this way his business will keep functioning and giving a good service to his customers.
With the previous loan he invested in products he needed for his business to remain active. This resulted in an increase in his earnings; he has paid off his debts and continues covering his family's expenses.
Con el crédito anterior invirtió en productos necesarios para que su negocio continúe activo, le dio como resultados un aumento en sus ganancias, ha cancelado sus deudas y sigue cubriendo los gastos familiares.
Previous Loan DetailsBenjamin is requesting a new loan to buy supplies and parts for a photocopier, to pay for the maintenance of these tools, and to buy stationery and school supplies to sell to his customers and to students in his business. He states that his previous loan has had a positive effect by… More from Benjamin Rafael'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