Update on Abel ErnestoAbel needs to invest more in his business of growing corn, since he has been able to produce more. With this he will be able to buy manure, seed, and fertilizer, and prepare the soil.
The previous loan helped him a lot to improve his income. He increased the amount of corn he produced, as compared to other occasions. His family’s living conditions have improved, and his economic situation has improved quite a bit, too.
El crédito anterior le ayudo mucho a mejorar sus ingresos, incremento la cantidad de maíz producido que en otras ocasiones. Al igual sus condiciones familiares han mejorado en gran medida también su situación económica.
Previous Loan DetailsAbel is 29 years old and lives with his parents. They all work in agriculture, planting corn, squash, and since he was little, he has been learning this work from his father. These days, they work together and thus generate their income. He is asking for a loan to buy fertilizers, herbicides... More from Abel Ernesto'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