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Eustaquio

Update on Eustaquio

Eustaquio is a humble but hard-working salesman whose business is selling clothing as an itinerant street vendor. He feels grateful for his first Kiva loan which benefited him as he used it to buy merchandise (men's and women's clothing). He now has more customers and new areas in which to sell. For this reason, he needs a new loan to buy dresses, jeans, boxer shorts, socks, shirts and blouses. He would like to make the most of the peak season around Mothers Day as this is when his business experiences an increase in sales.
View original language description ↓
Eustaquio, es un humilde pero trabajador comerciante quien se dedica a vender ropa de manera ambulante. Se siente agradecido por ser beneficiado con su primer crédito Kiva el cual utilizo para comprar mercadería tales como ropa para dama y caballero. Hoy en día cuenta con más clientes y nuevas zonas para vender. Es por tal motivo que este necesitando el crédito para comprar vestidos, jeans, bóxer, calcetas, camisas, blusas. Pues desea aprovechar la temporada alta del mes de las madres que es cuando el comercio experimenta un incremento en las ventas.

Previous Loan Details

Eustaquio is from León. He is 67, and the father of seven children. Two of his children are in primary school. He has been a small businessman since he was 20, and sells clothing, shoes, cosmetics, as well as cleaning and hygiene products. He starts work in the early morning hours, when he… More from Eustaquio's previous loan »

Additional Information

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.

About Nicaragua

  • $3,636
    Average annual income
  • 152
    View loans »
    Nicaragua Loans Fundraising
  • $23,178,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $425 helped Eustaquio to buy dresses, jeans, boxer shorts, socks, shirts and blouses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
N/A
Ended:
May 18, 2014