Update on Walter CesarWalter is requesting a new loan, now that he needs to continue investing in his grain plantations. With this loan, he will be able to buy agricultural supplies, such as compost, herbicides, pesticides and insecticides.
The previous loan helped him to improve his income and he used the profits to pay for the home expenses. His family’s living conditions and his financial situation have improved.
El credito anterior le ayudo a generar mayores ingresos y las utilidades las invirtio en los gastos del hogar; las circunstancias familiares y las condiciones economicas han mejorado.
Previous Loan DetailsWalter needs to complete his seasonal harvest, so he is asking for a loan to help him buy materials such as fertilizer and herbicides that he will apply during his planting season in order to have good results at harvest. He believes that his previous loan increased his production, and he has… More from Walter Cesar'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