Update on Raul AntonioRaul is requesting more capital to invest in his bakery. At this time, he will buy flour, sugar, cinnamon, yeast, etc. These are the raw materials used to make the various types of bread that he sells. He will also invest in products for his shop.
Raul's previous investment made his business more productive. His sales have increased, and this new income has enabled him to pay off his debts, cover the household expenses, and have more satisfied customers.
La inversión anterior le dio un negocio más productivo, sus ventas son mayores, los ingresos nuevos le han permitido cancelar sus deudas,y cubrir los gastos de su hogar, tiene más clientes satisfechos.
Previous Loan DetailsRaúl is married and enjoys his two children, ages 6 and 10 years old, and he receives no help from outside the country. He owns a small grocery store which he opens at 6:00 AM until 4:00 PM. He started the business in order to obtain income to support his family. The loan he needs will permit hi... More from Raul Antonio'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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