Update on Eduardo JoseEduardo is from Managua and has two children. He is a merchant and has a store which generates a good income and he has managed to maintain a stable business. He is grateful to Kiva and Micredito because he has a diversified business and good customer demand. He is asking for a loan to buy soft drinks, soap, rice, cooking oil, beans, and other things so he can have the products that his customers demand most. He estimates that this loan will be very helpful and will generate good earnings so he can keep a variety of merchandise and above all expand his business.
Previous Loan DetailsEduardo is a humble man, 51 years old, originally from Managua, single, father of 2 children who are 27 and 28 years old, respectively, and works in the grocery store business being an owner for more than 6 years. He only finished the 6th grade of primary school. Eduard began working when he was… More from Eduardo Jose'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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