Update on Jeovanny OmarJeovanny is requesting a new loan because he needs more operating capital and he enjoys the good service that is offered to him. The money will help him to invest in the purchase of compost, herbicides, insecticides, and pesticides for his corn and bean crops.
His previous loan enabled him to buy farming supplies and the profits helped to provide for his family. The household conditions have improved and he is able to support his children in their studies.
El crédito anterior le ayudo para comprar insumos agrícolas y con los ingresos obtenidos aporto a su familia. Las condiciones del hogar han mejorado, ya que le ha permitido apoyar a sus hijos en los estudios.
Previous Loan DetailsJeovany is requesting a new loan to pay in advance for the rent of the land where he plans to grow corn and winter beans, with this loan he will be able to secure the plan to start his agricultural work. With the previous loan he was able to buy the necessary materials to grow crops, it gave him a… More from Jeovanny Omar'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