Update on IsraelIsrael is 27 years old and is from Pueblo Nuevo in the municipality of Estelí. He is single and has his bachelor's degree in agriculture, and has made a living as a coffee farmer for the past 2 years. He used the support from his first loan, to plant nearly two acres of coffee plants, cover input costs, and pay hired help during the harvest season.
For this, his second loan, he plans to use the loan support to purchase input items, such as manure and coffee seeds, and to pay hired help for the harvest season. He wants to offer high quality products that he can sell at good prices and use to generate profits. He hopes to apply for other loans in the future, since his future goals are to acquire more land, plant more coffee plants, and purchase machinery such as an irrigation pump for preparing his lands.
Previous Loan DetailsIsrael is 26 years old. He is a young man whose business is growing coffee. At his young age, he is already a real expert in growing his crops. He is from Pueblo Nuero, in Estelí and is single. Israel started out in this business ten years ago. His father taught him the trade and trained him… More from Israel'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