Update on Ines CorderoInes's last loan has allowed him to expand the inventory in his store and to offer new products to his customers at better prices. His financial situation has improved, and his family is supporting his efforts to sustain the business.
Inés has decided to apply for a new loan for the purchase of cooking oil, rice, beans, candy, bread, soap, juice, soda, snacks, eggs, sugar, and toilet paper. Purchasing these items will allow Inés to keep meeting the demands of his customers, sustain the income from his store, and repay this new loan.
Se ha decidido por un nuevo crédito para comprar aceite, arroz, frijoles, dulces, pan, jabón, jugos, gaseosas, boquitas, huevos, azúcar y papel higiénico, de esa forma seguirá cubriendo las demandas de sus clientes y teniendo ingresos, con los que responderá positivamente a los pagos de la nueva deuda.
Previous Loan DetailsInés wants to continue working with the institution because he considers that these loans help him continue improving his business. This time he will buy sugar, beans, rice, and coffee for the business, investing only in basic household necessities. He says he had a positive effect from using... More from Ines Cordero'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