Update on Maynor DavidMaynor is 31 years old and lives in the city of Leon in Nicaragua. He is widowed and has one son. He is the owner of a small internet café. He started this business in order to put into practice what he learned on a course to become a computer technician. He started off with two computers and now has 11 and he sells school stationery supplies as well. He is grateful for the help that Kiva and MiCredito are offering him, and through their financing his business has been improving. He has more computers, keyboards, and mouses. To increase his income, he has decided to start a stationery store, and that is why he is requesting the loan so that he can buy notebooks, pencil cases, colored pencils, highlighters, paperclips, and erasers, etc. He wants to grow his business and turn it into a well-stocked stationery store as well as improving his cyber café with newer and faster PCs since most of his clientele are young people who are always looking for good computers and school supplies.
Previous Loan DetailsMaynor is 31 years old, married and father of one son, who is four years old. He makes a living as a merchant and a computer technician. He started his business four years ago with the support of a brother, who lives abroad. He purchased his first server and little by little, he transformed it into… More from Maynor David'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