Update on ÉctorEctor is a farmer; he says that the loan has turned out to be very positive and beneficial for his business and his family because it’s made it possible for him to buy supplies and fertilizer to plant basic grains, especially corn, since this is the season when basic grains are in high demand by the population and the loan has helped him invest and sell beans especially. He is very grateful for the trust placed in him by Kiva lenders.
Always wanting to get ahead and continuing to invest in his business to get ahead with his family, he needs this loan to buy 32 quintals of corn. This loan will help him acquire a good quantity of corn to store and then sell when it starts to become scarce thus getting a good price while his customers will get the corn they need.
Previous Loan DetailsDon Éctor lives in Santa Teresa, located in the municipality of Condega-Estelí. He is married and the father of four children. He has been a farmer for 37 years and grows basic grains. He began this activity at the young age of 10, helping his father with planting. He studied only until fifth gra... More from Éctor'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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