Matilde De Jesus
Update on Matilde De JesusMatilde was born in was born in Coyolito county in La Concordia, a municipality of Jinotega. He states that he used the first Kiva loan for supplies, fertilizer, labor payments, and gasoline for his irrigation motor, which all contributed to a successful cabbage planting. He notes that he earns good income, has good management skills, and gets a fair price for his crops. He is requesting a loan again for supplies, fertilizer, labor payments, and gasoline in order to plant cabbage in another area. He wishes to continue working in his business in order to get ahead and increase his land for planting.
Previous Loan DetailsMatilde, 24 years old and single, was born in Coyolito county in La Concordia, a municipality of Jinotega. He cultivates vegetables for a living since he inherited the activity from his parents. His older siblings and the rest of the family are also involved in agriculture and grow cabbage, tom... More from Matilde 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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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Feb 24, 2012
- Mar 19, 2012
- Currency Exchange Loss:
- Sep 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.