Update on Pedro AntonioPedro, an enterprising young man and a native of Esteli, is the father of three children. He is a merchant who sells “bolis” (frozen ice pops). He tells us that he benefited from the previous loan and that it was a great help and he is very grateful since he obtained the raw materials to make his products. He notes that the more popular consumption products he offers the more customers he has.
His goal is to be able to start a bakery since there are none in his community and stores in the area offer few such products. Consequently he is requesting a new loan to purchase flour, sugar, yeast and oil. His objective is to begin selling bread as well as “bolis”. He wants to succeed and give his family a better quality of life and have a business that is economically sustainable.
Previous Loan DetailsPedro is from Estelí. He is single and has three children who are all in school. He is a salesman. Pedro started his business with his own money that he made working in a carpentry workshop at the age of 31. He sells 'bolis' which are a flavored, frozen treat (a kind of ice pop frozen in a… More from Pedro Antonio'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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