Update on Luis AlonsoLuis has decided to request another loan because he likes the fact that it can be processed quickly. Sometimes the need for a loan can be urgent and this is why he is satisfied with the institution.
Luis needs to buy herbicides to treat the weeds in his cane plantation, and also pay workers to do the work. The loans Luis has had previously have allowed him to take care of pending issues, from a farmer's standpoint, and give his family more economic income.
Actualmente Luis necesita comprar herbicidas para quitar la maleza del Cañal y pagar mano de obra para realizar la labor. Los préstamos que ha manejado don Luis le han servido para sacar lo pendiente en las actividades como agricultor y brindar a la familia mayores ingresos económicos.
Previous Loan DetailsLuis, 31, plants basic grains and makes “dulce de panela” (sweet made from sugar cane). He lives in Corinto, Morazán department, with his family, his wife, Rosa, and four children: Carlos, 16, José, 14, René, 13 and Luis, 10. Luis works in agriculture daily in chores related to corn, beans and… More from Luis Alonso'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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