Update on Juan AngelJuan, 48, lives in Pueblo Nuevo, Estelí Municipality. He’s the father of three children and works in agriculture; he’s a coffee grower. He’s a Kiva client and is very grateful for the support provided because thanks to his first loan he’s been able to gradually buy farm supplies and pay labor costs for his coffee crops. Despite the problem he had with an infestation that affected his coffee he succeeded in bringing in a harvest that allowed him to repay the loan and sell the part of the harvest that was undamaged. He now needs a second loan to continue investing in the same way: buying fertilizer, manure, insecticide and paying labor costs. One of his goals is to expand the size of his organic coffee crop.
Está requiriendo de su segundo financiamiento para seguir invirtiendo en lo mismo como es la compra abonos, fertilizantes,plaguisidas, pagar mano de obra, unos de sus propósitos es ampliar el área de su siembras de café orgánico.
Previous Loan DetailsJuan, who lives in the municipality of Pueblo Nuevo in Estelí, is 47 years old, married, and the father of three children. He is a farmer who cultivates organic coffee. He began to specialize in coffee cultivation when a close friend told him that this type of crop is very profitable, especially ... More from Juan Angel'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.
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Success!! The loan was 100% repaid