Update on Manuel AntonioManuel is from the municipality of Estelí in Pueblo Nuevo. He is a farmer and grows coffee and raises cattle. He tells us how he made good use of the Kiva loan for which is grateful and which gave him enormous support in planting the two and a half manzanas (a plot of land smaller than a hectare) of coffee. The harvest was abundant and the quality of the coffee was excellent. Now he wants to plant four manzanas of coffee and is requesting a loan to buy supplies and hire workers for the new planting cycle. He hopes to produce a good crop that will help his family and business get ahead, so he can provide employment to people in nearby areas.
Previous Loan DetailsManuel is 60 years old and a native of the community called El Consuelo (The Consolation), located in Pueblo Nuevo (New Town) in the municipality of Esteli. He is married and the father of a family with 8 children, of whom 3 are still in his charge. Manuel is a farmer with 40 years in this… More from Manuel 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