Update on Hector ArelyHéctor has decided on a new loan to invest in the production of basic grains. He will buy agricultural supplies like fertilizer and herbicides and will also pay for the day labor needed to complete his work.
He states that he received better earnings with the previous harvest because he was able to get everything he needed to realize his work. With these earnings he is buying what is necessary for his home's basic needs. His nuclear and extended family's conditions have been kept up.
Él manifiesta que obtuvo mejores ganancias con el cultivo anterior, porque adquirió todo lo necesario para realizar el trabajo, con estas ganancias compra lo necesario para las necesidades básicas del hogar, en su familia sus condiciones se mantienen y su núcleo familiar tambien.
Previous Loan DetailsHector is requesting a loan again to invest in his agricultural activities, like buying fertilizer and to pay for a threshing machine to finish the process with his previous crop, to remove the grains from the corn. He states that the last loan was very helpful and that he thanks God for his good... More from Hector Arely'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