Update on Basilio JacintoSr. Basilio Jacinto is married and 43 years old. He never had the opportunity to go to school. He has eight children and earns his living doing crafts, especially weaving material for traditional clothing. He started out helping in the family business and now has 31 years of experience doing this kind of work.
He is seeking a loan to buy different types and colours of yarn to improve his business. In the future Basilio hopes to have a factory and employ people to work there.
Solicita un préstamo que lo utilizara para la compra de hilos de diferente clases y colores para mejorar su negocio. Espera en el futuro tener una fabrica y tener trabajadores.
Previous Loan DetailsBasilio Jacinto is 41 year old, married, and has eight children. He didn’t have the opportunity to go to school and makes knitted articles, having started this business with his family 30 years ago. His wife is a merchant and helps him. He is asking for this loan to buy different types and c... More from Basilio Jacinto's previous loan »
About Asociación ASDIRASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural communities.
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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