Update on Juan SantosJuan, by this year end season, has decided on a new loan to invest in his business. He will buy snacks, soft drinks, tomatoes, onions, detergents and more products that are used by his clients.
With his previous loan, Juan carried out the planting. With that, he gets the basics for feeding his family and helping their economic stability. His family is in better condition and at this time he has purchased a vehicle, which is used for his work and family.
Con el préstamo anterior Juan logro realizar la siembra agricola, con la que obtiene los granos basicos para la alimentacion de su familia, ayudándole a su estabilidad económica, su familia está en mejor condición y en este tiempo ha comprado un vehículo el cual utiliza para su trabajo y familia.
Previous Loan DetailsJuan is a farmer. He is married and has two daughters, ages 10 and 12. Juan began his business as a way to support his family. Right now, he is cultivating his crops and he is requesting this loan because he needs to buy farming supplies such as fertilizer and pesticide. These will help his crops… More from Juan Santos'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