Update on Juan Jose40-year-old Juan comes from Chacaraseca, in León. He's a Kiva borrower and a farmer. He has been growing vegetables and basic grains for over 10 years. Aside from that, he also raises pigs in order to get another source of income. Juan used the previous loan to buy pigs for raising. It helped him, since he used the profits he got from selling the pigs to cover production costs and to invest in his sesame, yucca and corn crops. Juan currently wants to further diversify his produce with the purpose of satisfying his customers' needs. For that reason he requests a Kiva loan in order to purchase supplies, compost and fertilizer, so that he can invest in growing vegetables and basic grains. He estimates that this new investment will be of help, because he will be able to better maintain his crop, so he can offer quality produce to his customers. His future plans are to keep his business going and to increase his pigs and cattle sales, in order to get higher profits until he can become independent and get ahead.
Previous Loan DetailsJuan is a farmer from the Chacaraseca community on the outskirts of León. He is 39, single and has been in agriculture for over ten years. He learned the trade from his parents who used to raise cattle and pigs. He planted his first crop when he was 19 and gained more experience before becoming… More from Juan Jose'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