Update on ConcepcionConcepción has decided to take out a new loan, as with this he will be able to continue growing. On this occasion, he wants to pay for manual labor during the milling season for sugar cane, as he needs to hire several people to do this work.
The previous loan helped him to do this same work, which went well in terms of getting the sugar from the unrefined cane. He was also able to sell his sugar products, which helped him to change his family circumstances and increased his income so that he could survive with his family.
El préstamo anterior le ayudo para realizar esta misma labor, saliendo bien con la elaboración del dulce de panela y además logro poner a la venta los productos, esto le ha ayudado a cambiar las circunstancias familiares, aumentado los ingresos para poder subsistir con su familia.
Previous Loan DetailsDon Concepción is 53 years old, he lives in Cacaopera in the department of Morazán with his wife Doña María and four children, Deysi, 16 years old, Marina, 15 years old, Miguel is 10 and Vilma is 8 years old. They are all economically dependent on him. Don Concepción grows sugar cane and raises… More from Concepcion'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
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Mar 21, 2012
- Apr 16, 2012
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.