Update on Julio FautinoJulio is 58 years old, works as a fisherman, is married, and is native of Granada. He started fishing at a young age. His wife sells food in their home in order to help him to pay the family expenses. He used his previous loan in repairing his boat, because he only has the boat that he owns and another that he rents. Also, with the previous loan, he had the opportunity to buy a fishing net.
His hard work fishing in fresh water has not been easy, but his greatest reward is when he manages to bring sustenance for his family and keep his business stable.
He is requesting a loan to buy a boat for fishing. This is one of the goals he has had for some time, because that will help him to navigate faster and better and will reduce the costs of renting boats.
Él está requiriendo el préstamo para comprar un bote para pescar. Pues ese es uno de las metas que tiene desde hace tiempo, ya que le ayudara a navegar más rápido y en mejores condiciones y reducirá los costos de estar alquilando botes.
Previous Loan DetailsFishing is one of the best known activities in the city of Granada, since it is surrounded by a large number of islands, beautiful views and a large lake. In the islands of Granada can be found different species of fish such as curbina, guapote and tilapia, among others. Fishing has become a to... More from Julio Fautino'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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