Update on AdelioAdelio made up his mind to get a new loan because he would like more money to invest in his new harvest and insuring the land. The loaned funds will be for the lease on the place where he can work the corn and bean harvest. He had a positive outcome with the previous loan because the supplies that he bought allowed him to improve his crop. He was able to generate enough income from the harvest to invest it in his home and in that way, cover living expenses.
Con el préstamo anterior tuvo un efecto positivo, ya que los insumos que compro le permitieron mejorar el cultivo, de la cosecha logro generar ingresos para aportar al hogar y así cubrir gastos necesarios.
Previous Loan DetailsAdelio is seeking a new loan because he needs to pay the rent on the land that he has planted with a new crop of corn and beans. This is the reason he has come back to ask for money: because such loans give him the economic means necessary to carry on with his work. His previous loan allowed… More from Adelio'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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