Andres De Jesus
Update on Andres De JesusAndres, a merchant, shares his gratefulness with us for having received his first Kiva loan, which he used to buy lubricants and stock his business. He said that his income was improving and also suggested opening another shop in order to expand and improve his business. He is also grateful because he has been able to keep his children in school. He is requesting a second loan to buy new brands of lubricant that have been requested by his customers. His business is known for offering a variety of quality products to his customers. He wants his business to thrive and to give his children a better future.
Previous Loan DetailsAndrés is 57 years old and resides in the city of Estelí. He is married with five children and he is a merchant who sells lubricants. He has been in this business for seven years and started it through a loan, as he did not have his own capital. Prior to selling lubricant, he worked simultaneo... More from Andres 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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