Update on Cesar AugustoCesar is 33, he is from Comarca la Condega, municipality of Esteli, he is a merchant, he owns a general store, a business that he started 5 years ago, he has one child that depends on him. Cesar is a Kiva client, his first loan was used to stock his store with products such as rice, sugar, beans, oil, soda, etc. This first loan helped him, because he was able to have products requested by his clients, he is very thankful for the support he gets from Kiva. His wife helps him manage the business. He now needs a second loan to invest in his store and buy merchandise such as sugar, soap, coffee, cookies, canned goods, eggs, bread, etc. All the products needed to stock even more his business. He figures this loan will be very helpful because his sales will increase generating more income that he will then reinvest in his business. His future plans are to expand the store until it becomes a wholesale supply store and this way have a stable business that generates better profits to get his family ahead.
Previous Loan DetailsCesar, 31, lives in a neighborhood of Esteli called Condega. He has an 11-year old son. He owns a general store, a business that he started 5 years ago after returning from Costa Rica. He used the money that he earned before to stock the store and his wife and mother help him tend it. He also… More from Cesar Augusto'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