Update on Ruben AlonsoRubén lives in the city of Estelí, and makes a living selling bananas and staple grains such as beans, corn and wheat. His focus is banana sales, and he makes frequent trips up into the mountains to bring the fruit to town for resale. Rubén began his business two years ago with his own savings, and he feels that, since receiving his first loan, he has increased his sales and improved his quality of life significantly. As his business has grown, Rubén has added firewood and staple grains to his operation.
With the support from this loan, Rubén plans to purchase bananas, beans, corn and wheat for resale, as well as expand his business to include selling coffee.
Previous Loan DetailsRubén originates from the Rio Coco district on the outskirts of Estelí. He is married and is the father of three children. He dedicates himself to growing bananas in the agricultural trade. Rubén began with his own capital - a van which he bought with money he had saved. It serves him as a means ... More from Ruben Alonso'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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