Update on Fredy AlexanderFredy needs more working capital for his agricultural activity. He is starting to plant new corn and bean crops. He needs financial resources for this so that he can cover the cost of buying natural fertilizers and herbicides to apply to the crops. He is requesting a loan to allow him to buy the materials. He will then begin planting in a more ordered way.
The previous loan had a positive effect on his applications of natural fertilizers and herbicides. He managed to have a considerable harvest and paid the rent for the land where he grows his crops. So far he has maintained his production of corn and beans.
Con el préstamo anterior tuvo un efecto positivo en sus aplicaciones de abono y herbicidas, ya que logró tener una cosecha bastante considerable, pagó el alquiler del terreno donde realiza el cultivo y hasta el momento se ha mantenido en la producción de maíz y frijol.
Previous Loan DetailsFredy is 23 years old and lives in San Rafael Oriente, in San Miguel department. He is a farmer who grows corn and beans. He lives with his mother and two siblings aged 11 and 14. Fredy started farming at the age of 14 when his father took him out to the fields and taught him the process. He… More from Fredy Alexander'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