Update on Jimmy FranciscoJimmy, a shopkeeper, lives in Granada where he owns a small general store. He is requesting his first loan to purchase merchandise to stock his store, which will permit him to meet some of his customers’ needs. Now, he wishes to stock his store with new products such as cosmetics, shampoo, skin cream, cleaning products, and basic grains. This will allow him to continue offering variety, attract new customers, and improve his family’s living conditions.
Previous Loan DetailsJimmy is 35, and has a small business. He is from Granada and studied to be a dental technician. He started out as a businessman three years ago with the general store that he managed to set up with a loan from a friend. This was when he was working alongside his wife in a dental clinic in Managua.… More from Jimmy Francisco'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