Update on RogelioRogelio is requesting a new loan since this is a good financial resource that will help him move forward. The loan will enable him to buy six “quintales” (1 quintal = 100 kg) of compost and two gallons of insecticides. He will also buy concentrated pig feed.
Rogelio’s previous loan helped him to generate income and achieve good production with his crops of corn, beans, and other produce. His financial condition and family circumstances have improved.
El crédito anterior le ayudo a generar ingresos y una bueno producción en las cosechas de maíz, frijol, entre otros; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsRogelio decided to ask for another loan to buy basic grains (beans, rice, corn, and sorghum) and concentrated pig feed. This investment will help him support his farm to maintain a sufficient amount of grains to sell. He believes he has had a positive experience with the loan, as he has obtained… More from Rogelio'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