Update on PedroPedro needs to invest in a new crop, and for this wants a loan that allows him to pay the rent on the land he farms, which is three manzanas in area (Central American unit of land measurement). With this, he will be ready to do his planting.
He considers that his output of staple grains, as well as his income, have improved through the previous loan, as he has bought the necessary products for strengthening his crop.
The loans have given him greater security for maintaining his family's financial situation.
El considera que la producción de granos básicos y sus ingresos han mejorado a través del financiamiento anterior, ya que se ha comprado los productos necesarios para poder fortalecer la siembra, los créditos le dan una mayor seguridad para mantener las condiciones económicas a su grupo familiar.
Previous Loan DetailsPedro has decided to apply for a new loan because it is time to plant more corn. He will buy fertilizer and herbicides and use those materials to start preparing the land, with hopes of a good harvest. He believes his last loan helped his corn grow better and he was able to repay the loan respons... More from Pedro'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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