Update on Pedro PabloPedro is applying for another loan because he needs to pay workers to gather twelve hectares of sorghum. He will use the rest to maintain a cow and her offspring. He says that the previous loan helped his economic situation a lot. With the investment of the loan, he was able to collect an abundant harvest of corn and beans, which he sold and got much better results than he had gotten with previous loans. They have changed some circumstances in his life. Thanks to his effort and and the Kiva loan, his business conditions are better than when he started to work. He also says that his family and personal situations are now better. He has more confidence investing in his business.
Manifiesta que el crédito anterior le ayudo mucho en su situación económica, con la inversión del crédito logro sacar una cosecha abundante de maíz y frijol, lo cual lo comercializo y obtuvo resultados mucho más favorables que en créditos anteriores. Han cambiado algunas circunstancias de su vida, gracias al esfuerzo personal y al crédito otorgado por KIVA sus condiciones para su negocio son mejores que cuando empezó a trabajar y cuenta también que las condiciones familiares y personales ahora son mejores, así cuenta con una mejor confianza de invertir en su negocio.
Previous Loan DetailsPedro wishes to continue working with the institution, which is why he is requesting a loan to buy pigs for the farm to add more to his pen. He will buy two medium sized and two small pigs. With this purchase, he will be able to work for a long time, feeding them and selling them later. He had… More from Pedro Pablo'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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