Update on Franklin IsaacFranklin decided on another loan to buy a soldering iron. This will help him to fortify his electrical automotive workshop. It will speed up his work and provide a better service to his customers.
With the previous loan he was able to fortify the business, giving him the support he needed to increase her income, attract new customers. He has paid off his debts.
El préstamo anterior le sirvió para fortalecer el negocio dándole el soporte necesario para incrementar sus ingresos, atraer a nuevos clientes, ha cancelado sus deudas.
Previous Loan DetailsFranklin lives with his parents, his wife and his three children. He has a vehicle repair shop. It is located in a rented lot across from his home. He works out of his shop and also travels around to work. He has been doing this work for eight years. Franklin is requesting a loan in order… More from Franklin Isaac'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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