Update on EustaquioEustaquio is a humble but hard-working salesman whose business is selling clothing as an itinerant street vendor. He feels grateful for his first Kiva loan which benefited him as he used it to buy merchandise (men's and women's clothing). He now has more customers and new areas in which to sell. For this reason, he needs a new loan to buy dresses, jeans, boxer shorts, socks, shirts and blouses. He would like to make the most of the peak season around Mothers Day as this is when his business experiences an increase in sales.
Previous Loan DetailsEustaquio is from León. He is 67, and the father of seven children. Two of his children are in primary school. He has been a small businessman since he was 20, and sells clothing, shoes, cosmetics, as well as cleaning and hygiene products. He starts work in the early morning hours, when he g... More from Eustaquio'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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Success!! The loan was 100% repaid