Update on Lazaro AlbertoLázari is requesting this new loan in order to continue supplying his business by purchasing pigs for butchering and also reeds to make his baskets. This loan will help him have the necessary resources to make a profit. He had a good result from his previous loan. With that loan he was able to improve his home and the pigpens. His family situation has changed for the better, thanks to the help of KIVA. With these funds he will improve his business and the condition of his family.
El efecto que tubo con el préstamo anterior a sido positivo prosperando y con lo cual a hecho algunas mejoras en la vivienda y en los corrales de los cerdos, sus circunstancias familiares han cambiado gracias a la ayuda de Kiva con los fondos que a mejorado su negocio y sus condiciones d vida.
Previous Loan DetailsLázaro lives with his wife and two children who are 8 and 3 years old. He buys pigs and sells meat. He also makes artisanal baskets. He tends to the butchering on Saturdays starting at 3am and makes the baskets in his free time to sell to neighbors or in the market. He requests a loan to… More from Lazaro Alberto'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