Update on Jose JonathanJosé Salazar is a young entrepreneur from Guayaquil. He is 23 years old and has completed high school. He is single, lives with his parents, and is studying at the university. Originally, his business was his mother's. Since he was small, he has helped her with the stationery bazaar. A while back, she was able to get a good job, so she passed the responsibility of the business on to him. He likes this, since he can manage his hours for studying.
He runs the shop by himself, although his mother helps on the days she has free. In his neighborhood he doesn't have major challenges, although during the vacation season, sales are a little slower. He requires the loan in order to restock his business for classes buying notebooks, pencils, laminated study sheets, and stationary, as well as other items for the shop. His dream is to finish the construction of his parents' house, get married, have children and finish his studies.
El negocio en un inicio era de su mamá, desde pequeño le ayudaba en la atención del bazar. Hace unos años ella consiguió un buen trabajo por lo que le cedió la responsabilidad del negocio a él. Le gusta ya que puede manejar sus horarios para el estudio. El bazar lo atiende el solo aunque en sus días libres su mamá le ayuda. En su barrio no tiene mayor dificultad lo único es que en la temporada de vacaciones sus ventas bajan un poco. El préstamo lo requiere para surtir el negocio por las clases comprando cuadernos, lápices, laminas, cartulinas etc. Su sueño es terminar de construir la casa de sus padres, casarse tener hijos y terminar sus estudios.
Previous Loan DetailsJosé is 21 years old and lives along the Perimetral Highway of Guayaquil (a periurban area with dirt roads and a stream that connects to the river and runs several blocks). He and his mother manage a stationery bazaar, which helps them maintain their household. Little by little, José and his... More from Jose Jonathan's previous loan »
About Banco D-MIROBanco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.
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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