Update on MarianoMariano is from the city of Boaco. He is a trader and buys and sells music CDs.
He is grateful to Kiva and MiCrédito because he could invest in his business and increase his income.
He is asking for a new loan to buy music CDs and sunglasses. He thinks that the loan will help him a lot because he will be able to increase his sales.
Previous Loan DetailsMariano lives in the Las Canoas district outside Teustepe. He is married and the father of six children, ages 13, 11, and 2. Two of the children attend elementary school, and his oldest son enjoys singing Christian music. Mariano sells CDs and DVDs as a street vendor, and he has been in busine... More from Mariano'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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