Update on Humberto MarioHumberto has decided to opt for a new loan because of his need for more working capital and because of the advantage that this financing offers him. This loan will let him buy livestock, which he will then fatten and sell.
His previous loan helped him to increase his revenue, to grow his business, and to have everything he needed for his business at hand. His family's circumstances have improved, as have their economic conditions.
El crédito anterior le ayudo a aumentar los ingresos, crecer en el negocio y tener a la mano todo lo necesario para llevar a cabo la actividad que realiza; las circunstancias familiares han mejorado, asimismo las condiciones económicas.
Previous Loan DetailsHumberto has decided on a new loan to invest in cultivating corn, this time he will buy two sacks of fertilizer, which he needs to strengthen his crop so that it gives him a healthy and abundant harvest with which he can feed his family and also sell to generate income. Humberto believes that… More from Humberto Mario'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