Update on PatrickPatrick is a forty-nine-year-old male. He sells general merchandise. His shop is located on a highway and gives him more salary for extra income. Patrick started his business so as earn an income and provide for his family. Patrick hopes to educate his children to a level of self sustainability despite the challenge of competition. Patrick intends to use the loan to buy sugar, soap, salt and cooking oil to sell.
Previous Loan DetailsPatrick, age 47, operates a retail shop where he sells general merchandise. He runs his business so as to meet the daily expenses of his family and to supplement the income that he earns from his transportation business. He supports his wife and five children and wishes to ensure his children's c... More from Patrick'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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