Mario De Jesus
Update on Mario De JesusMario tells us that the experience he lived with his first Kiva loan was positive both for his business and for his family. Because of this he’s asking for this second loan to buy basic grains to sell because this business generates income quickly and helps him improve his profits in addition to offering better, higher quality products. His goal is to establish himself as a great merchant, to make his business grow and move his family forward and to prepare his children so that they will be successful professionals since he never had the opportunity to go to school.
Previous Loan DetailsMario is 52 years old and a native of Concordia, Jinotega. He is married with three children. He has made a living for the past 10 years with his mill business and as a merchant. He was in his second year of high school but had to go get a job and couldn't continue his education since his parents... More from Mario De Jesus'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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