Xelvin Herson Josue
Update on Xelvin Herson JosueXelvin had the opportunity to continue investing in his business, so he's requesting a loan to buy wood, paint, varnish, and a saw so he has the materials to make furniture in his carpentry shop.
The previous loan helped him strengthen his business more with what he most needed to make furniture. His financial situation has been improving. Everyone in his family is well and his shop has run appropriately.
El crédito anterior le ayudo a fortalecer mas el negocio, con lo más necesario para la elaboración de muebles, sus condiciones económicas han estado mejorando, en su familia todos se encuentran bien, la carpintería ha funcionado correctamente.
Previous Loan DetailsXelvin has been a carpenter for more than 10 years. He has learned his job by working in a carpentry run by one of his relatives. He lives with his wife and their 1-year-old daughter. He works Mondays to Saturdays. He is currently requesting a loan to buy wood, a lathe and an engine for a saw,... More from Xelvin Herson Josue'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