Update on Denis AlexanderDenis is asking for a new loan because he needs more working capital and because of the good service the institution provides him. This will make it possible for him to pay the lease on the land and to buy manure for his corn and bean crops.
The previous loan helped him to buy farm supplies for his crops and to contribute towards his family’s food. Circumstances have changed and now he’s able to help with his children’s education and to do some home improvements.
El préstamo anterior le ayudo para la compra de insumos agrícolas, para el cultivo y aporte a su familia para la alimentación. Las circunstancias han cambiado ya que le ha permitido ayudarle a sus hijos para estudiar y mejorar la vivienda.
Previous Loan DetailsDenis has decided to ask for another loan because he is starting to grow corn. For this he needs to rent some land where he can grow the crop.The money from this loan will be used to rent the land, helping him to have the security to keep growing. He considers that with the previous loan he… More from Denis Alexander'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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Success!! The loan was 100% repaid