Update on Jose AdanJosé wants to make another investment in his business and is applying for a loan to buy vitamins, antibiotics, and other medicines that his customers need. He says that loans help him increase his inventory of medicines, so he has decided to strengthen his business by seeking another loan. His financial situation is improving, and his family is still the same size.
El manifiesta que los créditos ayudan a incrementar su inventario de medicamentos, por eso toma la decisión de fortalecer el negocio a través de esta ayuda, su situación económica está mejorando y su familia se mantiene el número de miembros.
Previous Loan DetailsJosé's business is selling medicines. He lives with his wife and two children who are in school. José has been selling medicines for more than 10 years. He gets around on a motorbike and offers his merchandise to people in neighboring towns. José is currently requesting a loan to buy medici... More from Jose Adan'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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