Update on Heric HernanyHeric has prospered in his business as a result of good investments with his previous loans. He continues to prepare and sell tamales, “atole” (a traditional beverage), and corn on the cob. His earnings are used to repay his loan and to improve his family’s circumstances.
He is requesting a new loan so that he can acquire supplies that help his business continue to function and generate income. Heric will buy corn on the cob, lard, oil, firewood, and propane gas. His productivity will increase and he will be able to keep his customers satisfied.
Nuevamente solicita un préstamo para adquirir la materia prima con la que continuara funcionando su negocio y generándole ingresos, comprara elotes, manteca, aceite, leña y gas propano, su productividad aumentara y mantendrá satisfechos a sus clientes.
Previous Loan DetailsHeric has found himself without capital for his business, which is why he has opted for a new loan. With it he will invest in corn, corn on the cob, oil, firewood and other materials which will allow him to keep working in his business of making tamales and keep his customers satisfied. With ... More from Heric Hernany'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