Update on JuanJuan, inhabitant of the community of Espinal, one of the suburbs of Estelí, is a farmer by trade. He has worked in this activity from a very young age, as this is a tradition from his parents.
He is preparing for the next cycle of sowing of basic grains for which he needs financing to purchase manure, fertilizers, and seeds for the cultivation of 7,000 square meters of beans, sowings that he will do with his children. He hopes for a crop of good quality and high yields.
Se está preparándose para el siguiente ciclo de siembra de granos básicos, para lo cual está requiriendo financiamiento para adquirir abono, fertilizantes y semillas para el cultivo de 1 manzana de frijoles, siembras que hará junto con sus hijos. El espera una cosecha de muy buena calidad y altos rendimientos.
Previous Loan DetailsJuan is 62 years old. He lives in the community of Espinal, close to the department of Estelí. He is married with three children. He is a farmer and sows grain. He began growing crops and raising livestock with the help of his father in the community of Espinal, 20 km to the south of Estelí. From... More from Juan'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