Update on Jose SaulJosé is opting for a new loan, because of the profit they give him and the ease of payments. This time he will buy a camera and photography paper to improve his inventory in order to give his clients better service and to continue fulfilling his financial commitments.
The previous capital allowed him to improve his work equipment, making it easier for him to have new clients. His income has improved and the conditions at home have changed for the better.
El capital anterior le permitió mejorar su equipo de trabajo, facilitándole tener clientes nuevos, sus ingresos han mejorado, las condiciones familiares han cambiado positivamente.
Previous Loan DetailsJosé has presented the need to continue investing in his business; this loan will allow him to purchase a camera and photography paper to improve the quality of his photos. The previous loan helped him to increase his income and improve his equipment. His financial condition and family… More from Jose Saul'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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