Update on Jose IreneJosé chooses to request more capital to buy iron, copper, aluminum, and a pickup, which will allow him to continue in the business of buying and selling scrap metal and having income that he needs to survive. The previous funding helped him a lot in keeping himself working. He had better earnings with which he maintains his good credit record and covers the expenses of the home.
El financiamiento anterior le fue de mucha ayuda para mantener se trabajando, tuvo mejores ganancias con las que mantiene su buen record crediticio y cubre los gastos del hogar.
Previous Loan DetailsJosé lives with his family, made up of his wife and his son, 12. He earns a living buying and selling scrap such as iron, bronze, and copper. He learned this business when he was employed. Twelve years ago he became independent and now he works on his own. He works from 7 a.m. until 5 p.m. or… More from Jose Irene'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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