Update on Francisco RamonFrancisco is from the city of Estelí and he’s a merchant by profession. He’s been working making and selling leather goods for a long time. He’s grateful to Kiva and to MiCrédito because he’s already succeeded in making various products for his customers who accepted them because of their quality and good design.
He’s asking for this loan to buy thread, leather and buckles, among others, in order to fill customer orders. He figures that the loan will be of great help for him to get ahead since it’s a great opportunity for him to increase his inventory and his income.
He hopes to become well-known throughout the city by means of catalogs that feature his designs like leather purses. He considers himself to be a man with many hopes for improvement and who with God’s help and his family’s will continue moving forward.
Previous Loan DetailsFrancisco is a humble trader from the Esteli region who has made a living making leather products for thirty years. He has benefited from MiCredito and Kiva, which has allowed him to expand his workshop. He has a larger clientele and has improved his income. He currently needs this loan to buy an... 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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