Update on Jose GilbertoJosé is requesting a loan, as he considers these a very important resource for achieving growth in his business. He will buy a variety of footwear for children and adults, including sandals of various styles. This investment will give him growth in his market and his selection, so that he can meet customer demand.
With the previous loan, he succeeded in improving the quality of his store, and in improving the merchandise he offers customers. This has given him a better opportunity to generate income and attract new customers. He is motivated to continue working for the sake of his family's prosperity.
Con el préstamo anterior logró mejorar la calidad del negocio y mejorar también la mercadería a los clientes, esto le ha dado una mejor oportunidad para generar ingresos y para atraer nuevos clientes, él está motivado a seguir trabajando por la prosperidad en su familia.
Previous Loan DetailsJose resides in Jiquilisco, Usulutan department and he sells shoes. He lives with his family and his 3 children, aged 21, 18, and 14 respectively. Jose began selling shoes in the streets some 15 years ago, and he travels to the capital to buy his merchandise. Jose needs a loan to buy shoes a... More from Jose Gilberto'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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