Update on AnibalKiva client, Aníbal, 53, is from Estelí. He’s married and the father of seven children. He’s a merchant; he’s been selling meat for 21 years. His first loan was of great help to him because it allowed him to invest in expanding his business’ inventory; his sales increased which in turn generated more income. He used his first loan as working capital to buy meat which is a product in high demand.
He wants to expand his business with high quality products which is why today he’s asking for a new loan to invest even more in his business buying meat to meet customer demand.
His wife helps him tend to customers in his business and he feels that this new investment will be of help because he’ll be able to keep his business active and will be able to meet customer demand. He hopes that with Kiva’s help he will be able to continue in business, to earn more income and be able to offer his family a better economic standard.
Previous Loan DetailsAníbal, 52 years old, lives in the city of Esteli. He has seven children. He is a businessman; he sells meat, and he has been in this business for 20 years. When he started this business, he started with his own money. Before that, he drove a taxi. He saw that it was not providing income, so then... More from Anibal'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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