Update on MarcelinoMarcelino has decided to look for a new loan because he needs more work capital to begin a new cropland. This time he will pay all of the lended funds to rent the land for the next harvest. This will help him secure a place where he could work. He considers these loans to have helped him perform his agricultural work and improve his harvest of corn and beans. With this contribution he will continue performing in agriculture and searching for how to make himself a brick home in the future.
El considera que estos préstamos le han ayudado para realizar su trabajo agrícola, mejorando la cosecha de maíz y frijol, con este aporte continuara desempeñándose en la agricultura, a futuro busca poder construirse la vivienda de ladrillo.
Previous Loan DetailsMarcelino is requesting a new loan to guarantee availability of cropland. He will use the funds to rent land for the upcoming sowing season for his corn and bean crops. He had a positive experience with the previous loan which he used to buy the supplies he needed for an abundant crop, which… More from Marcelino'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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