Gamaliel De Jesus
Update on Gamaliel De JesusGamaliel is from Estelí and is married. He works in agriculture growing tomatoes, corn and beans. He says that his first loan cycle was a great help because he used it to buy supplies and pay day labor to cultivate about 0.87 acres. In this way, he was able to get a good profit from his harvest. Gamaliel's dream however is to expand his business. Because of this, he is now taking out his second Kiva loan to invest in his business by purchasing supplies including fertilizers.
These products are necessary for planting and he estimates that this loan will be of much help to him because the earnings obtained will allow him to continue investing in producing tomatoes. His future plans are to continue growing tomatoes because he has been able to improve his earnings through this business. His goal is to expand the land used for planting and receive a better income to offer a better future to his family.
Previous Loan DetailsGamaliel is 34 years old and is from Estelí. He is married and is a farmer. He works planting tomatoes, corn and beans. He completed studies up until his third year of secondary school. He started this work 10 years ago with his own business by planting tomatoes with the money that he got from… More from Gamaliel De Jesus'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