Update on PedrinoPedrino decided to request a new loan because he needs to invest in his store. He sells natural medicines, and basic products such as rice, beans, cooking oil, sugar. He wants to increase his inventory.
He used the money from the previous loan to stock his store and invest in his crops by buying fertilizer. This has allowed him to work for his family.
Con el préstamo anterior ayudo en la tienda, surtiéndolo de productos y tambien realizo cultivo agricola invirtio en la compra de abono para realizar una milpa, con esto ha permanecido trabajando para su familia.
Previous Loan DetailsPedrino is requesting another loan to buy products for his business, such as rice, corn, sugar, oil, eggs, instant products, and canned goods, to stock the business and maintain his good customer service. He considers that the previous loan has helped him to prosper and helped his family to co... More from Pedrino'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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