Update on Jerardo RamonDon Jerardo is originally from the city of Managua. He is a merchant who sells various products. His business has grown thanks to his efforts. Jerardo is grateful to Kiva and MiCrédito because he will be able to meet the demand from his customers and increase his earnings.
He is requesting a new loan in order to buy shirts, trousers, lingerie, skirts, and other items. In the end, he wants to offer a variety of merchandise. He expects this loan will help to increase his inventory of products and improve his sales.
Previous Loan DetailsJerardo is 62 years old and quite poor. He is originally from Carazo Jinotepe but currently lives in Managua. He is married and father to four children, all of whom are now independent adults. Jerardo makes a living selling various merchandise. He is a qualified accountant but, given his desire… More from Jerardo 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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