Update on Mauro GregorioMauro, 32, is both father and mother to his four children, Javier, 14, Anderson, 12, Mauricio, 7, and little Emanuel, 2. The three eldest study at a center close to his work. Mauro is seeking the well-being and prosperity of his family by selling fast food: french fries, roasted meat, bananas with cheese, etc. He has been in business for several years, working outside of the education center several hours in the morning and afternoon, when the students come out to buy his products.
Mauro lives in Santo Domingo in the community called Cooperativa Santa Martha, sector 7. He lives with his children and cares for them without neglecting his role as father despite the long work hours. This will be his fourth loan from the Fundación. He is a well-known client and very responsible in his loan payments. He needs the loan to expand his small business and buy a new oven and other practical utensils.
Mauro is grateful to the Fundación and, especially, to Kiva, who have allowed him to realize his goal of improving his work situation.
Mauro radica en Santo Domingo en la Cooperativa Santa Martha sector 7, vive junto a sus hijos a quienes les dedica tiempo para ayudarlos en sus tareas sin descuidar su labor de padre pese al cansado horario que le ocasiona su trabajo, para él es la cuarta ocasión que va a acceder a un crédito de la Fundación es un cliente conocido y muy responsable en sus pagos, la razón por la cual busca el crédito es querer ampliar su pequeño negocio invertir en una nueva cocina y otro utensilios prácticos para la labor que el desempeña, actualmente Mauro Agradece a la Fundación y en especial al proyecto Kiva, que hicieron posible que su idea de superación laboral pueda hacerse realidad.
Previous Loan DetailsMauro is the father of two young children, ages 3 and 7. He lives with his wife and children in a marginalized urban neighborhood in the canton of Santo Domingo. Mauro says that the place where he lives still lacks basic services, but his greatest obstacle is not having medical insurance.… More from Mauro Gregorio's previous loan »
About Fundación AlternativaFundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.
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