Update on Raul ErnestoRaúl used his previous loan to buy supplies for preparing fast food such as sandwiches, tacos, hamburgers, and other dishes. His finances stabilized and his family experiences a better lifestyle. Raúl paid off his debt and entered into another type of business, providing school transportation services with the use of a minibus.
The capital that he needs will be used to buy new tires and to have his vehicle upholstered. This will enable him to provide safer and more comfortable trips. Raúl hopes to achieve good results from this investment.
El capital que requiera le será de ayuda para comprar llantas nuevas y pagar el tapizado de su unidad de transporte, así ofrecerá viajes con mayor comodidad y seguridad. Espera lograr buenos resultados con dicha inversión.
Previous Loan DetailsRaul lives with his wife and four children. He operates a food stall where he sells prepared foods. He started the business 12 years ago and he has all of the equipment that he needs to run it. He started the business, he says, because he needed a way to make a living. Raul is applying for a ... More from Raul Ernesto'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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