Update on Juan CarlosJuan is from Estelí. He is a farmer and he plants tobacco. He is 33 years old and the father of one son, who is dependent on him. He started this activity 6 years ago. He has worked with previous loans from our institution. Previously he took out a loan he used to buy materials and pay for labor costs to plant his tobacco. This helped him because he has more working capital now than he did before and was able to make some improvements on his home.Now he is asking for the loan to pay for labor costs and do maintenance on his tobacco crop now during cutting and drying time.
With this loan, he will be able to pay for what he needs to maintain his crop, obtaining a better quality product to sell at a better price and have more income. His plans for the future are to enlarge his tabacco crop even more in order to obtain more working capital till he won't have to depend on the loans and be able to offer jobs to people who live in his community.
Mediante este financiamiento podrá cubrir las necesidades de mantenimiento del cultivo obteniendo mejor calidad en su producto para poder venderlo a mejor precio y tener más ingresos, sus planes futuros es ampliar aun más el área de siembra de tabaco con el objetivo de obtener mas capital de trabajo hasta no depender de los créditos y brindar mas empleos a las personas que habitan en su comunidad.
Previous Loan DetailsJuan is 32 years old and a native of Pueblo Nuevo, Estelí, in the region of Pali Mata. He is single and has one child. Juan is a farmer who grows tobacco products that are sold and exported to Cuba. He had to work at an early age in order to feed his family, which is why he only completed school… More from Juan Carlos'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