Update on Juan BautistaJuan is in need of a new loan because he requires more capital to continue to invest in the cultivation of corn, beans, and the sale of bread. This will allow him to purchase enough French bread, manure, herbicides, pesticides, and insecticides.
The previous loan helped him to increase his income, which helped him to purchase agricultural supplies needed for the cultivation and also helped him to pay for university studies. The economic conditions and the family circumstances have improved.
El crédito anterior le ayudo aumentar los ingresos por lo que le ayudo a adquirir los insumos agrícolas necesarios para el cultivo y pagar los estudios universitarios; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJuan is again applying for a loan, as he needs to complete the cultivation process. At this time, he will pay for laborers to harvest his corn crop, as he has managed to complete the planting and cultivation process. He believes that he has succeeded in improving his farming, and has also mad... More from Juan Bautista'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