Update on MarlenyMarleny decided on a new loan because she needs to gather the harvest. She needs to pay for a corn husking machine and for labor. This will help her to have all of the harvest ready for sale and consumption.
Through the previous loan she managed to cover the family’s basic necessities with the income she got from the harvest. She also managed to improve the condition of her home and for everyone to enjoy good health.
Con el préstamo anterior logro que sus ingresos a través de la cosecha le sirvieran para cubrir las necesidades básicas de la familia, ha mejorado sus condiciones en el hogar, todos gozan de buena salud.
Previous Loan DetailsMarleny has decided on a new loan which is to be used in the payment for rent of land in order to grow corn. This loan will cover this expense so important to Marleny as this is how she is able to support her family. She believes that these loans have given her better security in agricultural… More from Marleny'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