Update on BuenergeBuenerge is requesting a new loan because he needs to acquire more operating capital so that he can plant corn and beans. The money will allow him to buy compost, herbicides, insecticides, and pesticides.
His previous loan enabled him to buy farming supplies for his crops. His financial conditions have improved and Buenerge was able to continue working on his land and supporting his children with their studies.
El crédito anterior le permitió comprar insumos agrícolas para el cultivo. Las condicione económicas han mejorado, ya que logro seguir trabajando en la tierra y aportar a sus hijos para los estudios.
Previous Loan DetailsBuenerge is requesting a new loan because he needs to pay for land that he rents on which he grows corn and beans. This will help him have security in his agricultural work. He expressed that it was a great help to have his previous loan because he was able to buy the necessary supplies to grow… More from Buenerge'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