Update on Gelber MauricioGelber has decided to take out a new loan in order to sow crops. It is a new season for vegetables: peppers, green beans, and tomatoes. He needs to buy tomato and pepper seeds, fertilizers, and other products for the sowing.
He says that he takes out loans because his experience has been positive; loans have improved his crops, and so his income for his family has been stable. He also tells us that he has been able to expand his fertile land and increase production.
El manifiesta que ha trabajado con préstamos porque su experiencia ha sido positiva, han mejorado sus cultivos y debido a eso sus ingresos para la familia han sido estables, tambien comenta que ha ido aumentando el área de siembra para aumentar la producción.
Previous Loan DetailsGelber needs to continue working growing vegetables, which is why he has requested another loan. The loan will be used to buy fertilizers and cucumber and green bean seeds. He told us that with the previous loan he was able to plant a good crop, which resulted in an abundant and healthy harve... More from Gelber Mauricio'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