Update on WilfredoWilfredo needs money to invest in basic grain crops. He will use the borrowed money to buy manure and herbicide and also to pay labor costs. With this he’ll be able to start working in agriculture.
He’s grateful because he’s had good experiences with the loans which is why he’s been in several loan cycles working to continue growing because this work helps to provide food and clothing for his family as well as to cover other basic needs.
El está agradecido, porque ha tenido buenas experiencias en los prestamos, por eso tiene varios ciclos trabajando para poder mantenerse cultivando, porque de este trabajo ayuda a su familia, con la alimentación y vestuario así como otras necesidades básicas.
Previous Loan DetailsWilfredo is once again starting his cultivation of staple grains. Therefore, he is again asking for a loan to buy supplies such as fertilizer and herbicides to improve his plot. Wilfredo’s previous loan helped him increase his production and get a good yield. He has improved his practices and… More from Wilfredo'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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