Update on William LeonicioWilliam lives in the El Bálsamo community, outside of Teustepe. He is a farmer and began working the land when he was 15 years old, when his father used to take him to the fields. He tells us that his father used to say to him "The land is what produces the food for your daily bread." William doesn't forget his fathers advice and works full-time planting crops. It is expensive and difficult for him to sell his crop outside of his community so the majority of his clients come to his farm to buy from William. He hopes to expand his agricultural production and to raise pigs to sell. William needs financing to buy fertilizers and to pay for the labor necessary to plant beans.
Previous Loan DetailsWilliam’s the father of five children. He lives in Teustepe, Boaco Municipality. He’s a farmer by occupation; he grows corn and beans. He didn’t finish elementary school because he went to work but his children did manage to complete elementary school. He started working with his father hel... More from William Leonicio'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