Update on Byron SalomonByron wishes to express his gratitude to Kiva investors who offered him the opportunity for his 1st Kiva loan, which he has used to buy inputs such as fertilizers and manure and to pay laborers. The loan advanced his coffee planting and helped cover the costs it generated. He had always wanted to increase his harvests in order to obtain greater earnings.
Byron needs this 2nd financing to invest once again in purchasing inputs like fertilizers and to pay laborers to improve the maintenance of his harvest. As soon as he gathers a good harvest, he will obtain better income and use that to improve his house's infrastructure.
Está requiriendo este segundo financiamiento para invertir igual en la compra de insumo, fertilizantes y pagar mano de obra para darle un mejor mantenimiento a su cosecha. Ya que al obtener buena cosecha podrá obtener mejores ingresos para mejorar la infraestructura de su casa.
Previous Loan Details30-year-old Byron lives in Estelí department, in a community called San Rafael. He is married and works as a farmer. He has a basic level of education as he only studied up to the sixth year of elementary school. Byron grows coffee. It was his father who taught him how to sow and prepare the… More from Byron Salomon'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