Update on Francisco RamonFrancisco is grateful for having been granted his first Kiva loan, with which he was able to buy supplies such as glue and buckles to make men’s girdles and wallets. His requests have increased and he has more customers. He always keeps in mind that he wants to have his own factory, but his main priority is providing his son with a good education.
He needs this loan to buy leather in quantity, buckles, and snaps. Some day he wants to export products.
Está requiriendo este financiamiento para compra cuero al por mayor hebillas, broches. Espera algún día lograr exportar sus productos fuera del país.
Previous Loan DetailsFrancisco is 56 years old and originally from Managua. He currently lives in Estelí. Francisco has been making men's belts and wallets for 30 years. He is the father of three children, two of whom are still in his care. Francisco started his business with his own money at the age of 27 becaus... More from Francisco Ramon'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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