Update on Mario JoseDon Mario is an unassuming businessman. He is 50 years old and a carpenter. His first KIVA loan helped him greatly because it arrived when he most needed it. It enabled him to invest more in his business by buying varnish, paint, sandpaper, and adhesive material. Now he needs his second funding in order to buy wood wholesale so that he can make furniture, such as chairs, tables and wardrobes, and diversify his business even more.
One of his future plans is to expand his shop so that he can provide better service to his customers.
Previous Loan DetailsMario is a humble country person from the city of Estelí. He has two children, who are six and two. He makes furniture for the home like beds, chairs, wardrobes, night tables, cribs, and cabinets. He has a good clientele. This business lets him take care of his home's expenses, since he is th... More from Mario Jose'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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