Update on CruzCruz has applied for a loan once again, because he wants to continue farming his land and harvesting corn and beans. That's why he requires the necessary agricultural supplies, such as organic and chemical fertilizers, as well as seed. This will help his harvests to be more productive this year.
The previous loan really helped him, because he succeeded in making a profit. He managed to build a well to use in irrigating his crop, and has supported his family's needs.
Previous Loan DetailsCruz is a farmer. He lives with his family, his wife and children. He has been farming for 15 years. He grows yucca and corn for the family’s consumption and to sell. When he was young, Cruz learned from his father. He is requesting a loan to buy farming supplies like fertilizers. In f... More from Cruz'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.
About El Salvador
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Success!! The loan was 100% repaid