Update on LuisLuis is doing his agricultural work and needs a loan to cover costs of manure and insecticide which are needed to avoid infestations and increase crop yield; this contribution will be important for the crop. He used his previous loan to plant; he bought the necessary supplies and some oxen. He obtained a good harvest to sell and to feed his family; his economic conditions have improved.
Con el préstamo anterior él realizo su cultivo, compro lo necesario en insumos y unos bueyes, obtuvo una buena cosecha para vender y alimentar a la familia, sus condiciones económicas han sido mejor.
Previous Loan DetailsLuis needs to invest money buying 2 oxen and agriculture supplies such as fertilizer and herbicides to care for his crops. This will help him to increase his livestock and to begin planting corn. The previous loans helped him improve the results he had with his harvest, and the quality of… More from Luis'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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