Update on Jader AntonioJader is from Esteli and is a merchant who sells clothing. He has put lots of effort into it and is grateful to Kiva and MiCredito because he was able to buy a variety of merchandise and supply his customers. He is asking for a loan to buy packs of used clothing in quantity so he can offer his customers a variety of products and qualities. He estimates that this loan will be helpful and he will be able to get ahead with his goals and have a home of his own.
Previous Loan DetailsJader is a 20 year old married young man from Esteli. He is a merchant who sells used clothing and started this business two years ago. With great effort was able to set up a store where his prices are favorable so he has many customers. He has his wife’s support and she helps manage the… More from Jader Antonio'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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