Update on Luis AlonsoLuis needs to continue with his farm work, but he does not have the financial capacity to do so. He is requesting another loan so that he can continue growing basic grains. Luis needs to invest in supplies such as fertilizers for cultivating basic grains, eight sacks of compost, and to pay the rent on two plots of farmland that he will use for cultivation.
Luis says that his previous loan was very useful. He achieved better results with his harvest thanks to that loan. Now he has greater income capacity.
Manifiesta que el préstamo anterior resulto muy útil obtuvo mayor resultados en la cosecha gracias a ese crédito hoy tiene mayor capacidad de ingresos.
Previous Loan DetailsLuis works farming chile peppers and corn. He is 24 and lives with his mother and two brothers. He learned to grow corn and chile from his uncle. He has five years of experience working for his family. In this time he has gained much experience.
Luis is asking for a loan to buy 1,000 chile… More from Luis Alonso'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