Update on Carlos AlbertoCarlos is from the city of Granada. He works in a tourism car service. This has allowed him to get ahead in life. He is grateful to the Kiva and MiCredito because he has been able to do maintenance on his car to improve the attraction and service for customers. He is asking for a new loan to buy paint in order to out a finish on his four cars. He thinks the loan will help him to increase his customers since he will have better appearance and will increase his earnings.
Previous Loan DetailsCarlos works in one of the most picturesque, colonial occupations in Granada which is providing carriage rides; he’s been in business ten years. He used to be a photographer but he saw that providing tourists with carriage rides was much more profitable. At first, he only had one carriage and no... More from Carlos Alberto'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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