Update on Luis AlonsoLuis is applying for a loan to continue planting and to buy materials for his workshop; he works at both professions. He will buy fertilizer, weed killer, iron, and sheet steel: things he needs for his crops and for the workshop. He thinks the previous loan was a success because most of the crops he planted yielded a good harvest, though he did incur some losses, and sold well. He has been able to support his family, earn more income, and pay the household expenses.
El considera que el préstamo anterior le dio un efecto positivo, ya que cultivo lo planeado, tuvo algunas pérdidas en la cosecha, pero al mismo tiempo salió una buena parte para realizar la venta.
Su condición en la familia se mantiene, sus ingresos han alcanzado a cubrir las necesidades del hogar.
Previous Loan DetailsLuis lives with his wife and one grandchild. He works as a farmer, and also has a metalworking workshop. He has spent twenty-five years working in these activities, which he learned from his father. He works every day from Monday to Sunday. He needs the loan for the purchase of agricultural… More from Luis Alonso'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