Update on Luis AlonsoLuis is requesting a loan because he needs capital to invest in manure, herbicides, insecticides, and pesticides.
His previous credit helped him to increase his income and with the profits he made he has been able to cover his household expenses. His financial situation and family circumstances have improved thanks to the investments he made with the Kiva loan
El crédito anterior le ayudo a incrementar sus ingresos y con las ganancias ha logrado cubrir los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado gracias a la inversión del crédito otorgado por Kiva.
Previous Loan DetailsLuis is requesting a loan to purchase materials for growing basic grains, such as fertilizer, and paying for labor, which will be the most important part of carrying out his work in the field. He says his experience with the loans has been good, helping him with his work every day, and he also says… More from Luis Alonso'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