Update on Santos ValentinSeñor Santos is a 48-year-old Kiva client, a native of San Antonio district in the municipality of Pueblo Nuevo, Esteli. He is a farmer who has been growing tobacco for 15 years. He went to school up to junior high school, and is now the father of five grown-up children. He says his first loan was a great help because it could cover the cost of supplies and the rental of land to grow tobacco, which generated a good crop. His first loan was used for the purchase supplies and labour payment so that he was able to sow five manzanas (8.6 acres) of tobacco. He wants to improve production and offer better quality produce this year, which is why today he requires a second loan. This time he will invest in the repair and maintenance of a tobacco-drying gallery. This will help him improve the quality of his produce, and the development is supported by his children as well as by Kiva. He hopes to have the support of Kiva to keep your business growing, to cover the tobacco production costs, generate more income and to move forward with his family.
Previous Loan DetailsSantos, a 47 year old tobacco producer, lives in the San Antonio zone, a region in the Pueblo Nuevo – Estelí municipality. He comes from very humble beginnings. He is married and has five children. He has been a farmer from a very early age. Among other business activities, he also devotes… More from Santos Valentin'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