Update on Luis EnriqueLuis is a farmer from the El Rodeo district of Estelí department. Despite his age, he is a very energetic and hard-working man who enjoys what he does. He didn't have formal education, but the circumstances of his life, and the many privations that he grew up with, taught him how to succeed.
He used the previous loan to plant corn, but the high water levels prevented him from selling all the harvest. But with what he managed to sell, he covered the cost of production. This didn't discourage him; on the contrary, it motivated him to keep working.
He needs credit in order to buy planting supplies for cultivating a manzana (1.7 acres) of corn and beans.
He hopes to sell the harvests at good prices, and also invest in the purchase of cattle.
Previous Loan DetailsMr Luis R., age 60, is married with one child. He lives in the Comarca El Rodeo, Esteli, and has worked in agriculture for over 30 years. His education is very basic. He is literate. He started this work at a very young age, since his parents were farmers. They planted onions, and he helped them ... More from Luis Enrique'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