Update on Donis LuisDonis, who lives in the city of Leon, tells us that his first experience was very positive for him, as he used the loan to buy cell phone accessories and PlayStation video games. His sales increased, and he made more of a name for himself as a business owner.
Now he wants to continue moving forward. He needs a computer for work, and this is why he is applying for the loan to buy a new computer with its accessories. He wishes to gradually buy new machines to rent, and to stop using televisions. His aim is to improve his business and make it grow.
Previous Loan DetailsDonis is 30 years old and originally from Quezalguaque - a village in León. He has two children and is a salesman. Donis sells CDs and DVDs. He used to work in on the land, then he worked in construction. Two years ago he started working in sales, selling CDs and DVDs. His wife helps him in ... More from Donis Luis'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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