Update on Gonzalo ArmandoGonzalo is requesting a new loan to invest in the production of basic grains because he is starting to plant corn and sesame. He will buy organic fertilizer, herbicides, and improved seeds in order to start the crop.
The previous loan helped him improve his basic grain harvests. It helped supply him with the materials to apply to the crops, and production depends upon this. With this harvest he fed his family, and to date they are in good condition and good health.
El préstamo anterior le ayudo a mejorar sus cosechas de granos básicos, ya que le facilito los materiales para aplicarlos y de eso dependió la producción, con esa cosecha mantuvo para la alimentación de su familia, hasta la fecha se mantienen en buenas condiciones y buena salud.
Previous Loan DetailsGonzalo lives with his wife and four children. He grows corn and raises cattle for a living and has been involved in agriculture for many years. Through this activity he has been able to maintain his family and support his children. He is requesting a loan to buy five sacks of fertilizer and… More from Gonzalo Armando'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