Update on Elvin AntonioElvin, 33, works as a farmer and is from La Concordia in the town of Jinotega. He has worked growing vegetables since he was young, work that is a tradition for him because his parents and siblings do the same work. The previous loan he had was to plant cabbage. He bought supplies, paid for labor, and managed to sell his crop because of the quality he produced.
Now he is requesting this new loan to plant tomatoes. The loan will help him cover the expenses that this type of crop requires. He hopes that his crop will be as good as the first one, and to invest in the business of buying and selling livestock.
Previous Loan DetailsElvin, 33, is single and from the community of El Coyolito located in La Concordia in Jinotega. He’s a farmer. Elvin says that the first loan he was granted was of great help to him because he was able to successfully complete his tomato harvest. He managed to buy the necessary supplies fo... More from Elvin Antonio'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