Manuel De Jesus
Update on Manuel De JesusManuel makes a living cultivating staple grains. He needs to invest in the purchase of materials such as manure, herbicides, and fertilizer to improve his agricultural labor. In this way, he hopes to obtain better production.
His previous loan had a positive effect on his production. During this time, he has continued to work in order to cover the costs of education and food for his children, and his conditions have improved.
Con el préstamo anterior tuvo un efecto positivo en su producción, en este tiempo ha permanecido trabajando para poder cubrir los gastos en estudio y alimentación de sus hijos, sus condiciones han mejorado.
Previous Loan DetailsManuel has decided to go for a new loan, because he is again growing basic grains. To do this, he need to buy supplies such as the compost, of which he will buy eight sacks. He will pay to rent the land. With this help he will be able to have what he needs to begin the process of planting. With… More from Manuel De Jesus'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