Update on JavierJavier, 41, is from the municipality of Estelí, in the Palo Verde County of Pueblo Nuevo. He is a farmer who tells us that after his first experience with a Kiva loan, which he used to buy the supplies he needed to plant tomatoes, he invested in planting vegetables. The best time to plant the new cycle of tomatoes is near and he is requesting a loan to buy supplies and hire workers to plant 1/2 manzana (a plot of land under a hectare) of tomatoes. He hopes production will be better than before so he can pay off the loan ahead of time and buy more land to grow more crops.
Previous Loan DetailsMr. Javier A. is 40 years old and lives in Palo Verde county in the town of Pueblo Nuevo in Jinotega which is north of Esteli. He is single with two children. Javier has more than 20 years' experience in crop farming and in buying and selling staple grains. He has his own business and his… More from Javier'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