Update on Juan BautistaJuan decided to get another loan to invest in his business, he will buy special bread to better stock his business, this will help him
have sufficient amounts of merchandise to service his customer during this end of year season, when demand goes up.
With the previous loan he strengthened his business, increased clientèle and his inventory has maintained at a good level, his family's financial condition has improved.
Con el crédito anterior ayudo a fortalecer más el negocio, ha incrementado la clientela y su inventario en el negocio ha mantenido buen número, sus condiciones económicas en la familia han mejorado.
Previous Loan DetailsJuan is married and lives with his wife and their 2 children. He is a distributor of bread. Juan began the business thanks to his own initiative and his wife's help. He has 8 years experience and attends to his customers without a fixed schedule. Juan is requesting a loan to buy bread to fulf... More from Juan Bautista'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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