Update on Julio FautinoThe gentle breeze coming from Lake Cocibolca and the rich smell of Vigoron (a traditional dish made of cabbage) are the gateway to the majestic city of Granada, where Julio lives. He is 60 years old, and is a native of Diriomo, one of the "white towns" around Granada (known for the traditional whitewash used on their buildings). He has excellent moral values and ethics.
Julio started out delighting people with his handicrafts. Now, for 7 and half years, he has been working as a fisherman. He is married and is the father of 3 children who are already grown and independent. He has been having great success with his fishing business, using a very practical distribution channel. His next goal is to acquire a new motor so that he can work more efficiently and obtain more products to satisfy the needs of more potential customers.
Julio is requesting a new loan to buy new nets, boats and motors so that he can build his business into a chain of seafood production at the national level. He expects that this loan will be a great help in building this fishing supply chain. For the future, he plans to take out more excellent quality products from the lake to export to other countries in Central America.
Previous Loan DetailsJulio is 58 years old, works as a fisherman, is married, and is native of Granada. He started fishing at a young age. His wife sells food in their home in order to help him to pay the family expenses. He used his previous loan in repairing his boat, because he only has the boat that he owns and… More from Julio Fautino'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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