Update on Jairo AntonioJairo is from the community of El Dorado in Estelí department. He tells us that his experience with his first Kiva loan was most beneficial in terms of his crops. It allowed him to improve the quality of his produce, especially onions.
Not only did it allow him to get quality production, but he also managed to prove to himself that he could succeed and be responsible with his loan. Now he has a good credit record.
Now he wants to plant tomatos. That is why he is requesting a second loan, in order to buy tomato seeds and fertilizer, and to pay for labor.
He hopes to sell his entire production at a good price, pay off his loan, make a name for himself as a producer, and succeed in expanding the area he has under cultivation so that he can get ahead in life.
Previous Loan DetailsIn one of the communities close to the city of Estelí llamada el Dorado is an area known for its high productivity of vegetables. This agricultural sector is one of the most common and productive activities of the area. It is there where young Jairo, 24, lives. He is dedicated to growing… More from Jairo Antonio'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