Update on Donald IsaacDonald, 26, is married and lives in Estelí,. He is enthusiastic and hardworking, and is very grateful for finding out about the opportunity to get a Kiva loan. He invested the first loan in the purchase of new truck tires which helped him keep his transport vehicle maintained. He uses it to make deliveries of fruits and vegetables quickly and safely.
Now he wants a second loan to buy another set of tires for repairs and to buy covers for his truck to protect the products he's transporting from the sun and rain. One of his projects is to finish building his house and to buy another truck.
Previous Loan DetailsDonald is 26, married and lives in Estelí. He is a truck driver and has worked in this trade for five years. At the age of 20, after starting a university program in agronomy, Donald had to discontinue his studies in order to assist his father in providing for the family. His father taught him to… More from Donald Isaac'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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