Update on Juan CarlosJuan, is a Kiva client, he is a resident of Estelí, he is single, studies up to 6th grade, farmer, he started growing tobacco seven years ago. He used his previous loan to cover production costs of corn and beans, and to buy inputs to maintain his crops and have a good harvest. He now wants this loan to buy inputs, deposits and labor to grow 0.8 acres of tobacco. He hopes to offer good quality products and sell them at a good price to obtain more income, he hopes to have the support of more loans to be able to work in his business, his next goal is to expand the land where to grow tobacco.
Previous Loan DetailsJuan, a farmer, is a resident of Estelí. He grows tobacco and vegetables. Thanks to his great effort, arduous labor, and responsibility, he enjoys a good credit history with MiCredito. The Kiva loan has helped him in his process of growing as a farmer. He needs the loan in order to plant beans an... More from Juan Carlos'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