Update on Walter MiltonWalter is requesting a new loan because he needs working capital to start sowing basic grains. This loan will allow him to buy ten bags of fertilizer, herbicides, pesticides, insecticides, and corn seed; and to pay labourers.
His previous loan helped him to increase his income and he used the profit to acquire some calves to fatten. His economic conditions and family circumstances have improved.
El crédito anterior le ayudo a aumentar sus ingresos y las utilidades las utilizo para adquirir unos terneros para engordarlos; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsWalter is applying for a loan to buy a pair of oxen. He will use the money from the loan to buy the oxen so that he can continue to work his farm. He wants to make this investment because it will allow him to improve his means of work. Walter is committed to managing the loan responsibly and… More from Walter Milton'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