Update on Jonatan EnriqueJonatan needs a new loan because he needs to invest in bread production to strengthen this business and increase his client base, this loan will allow him to buy raw materials needed such as flour, oil, yeast, sugar and others.
The previous loan helped him increase profits in his business of natural medicine, he used them to pay for studies and family expenses, his economic and family condition have improved.
El crédito anterior le ayudo a aumentar las utilidades del negocio de venta de medicina natural, esta las invierte en el pago de los estudios y los gastos familiares; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJonatán is seeking a new loan as he believes his business needs new stock. He plans to buy more merchandise such as vitamins, tablets, and medicinal products and increase his customer base. With his previous loan, Jonatán succeeded in improving his business and generating more income. More from Jonatan Enrique'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