Update on MateoMateo is seeking a new loan so that he can invest in his business. He has succeeded in increasing the production of basic grains, cattle, and pigs. This loan will enable him to buy agricultural items such as fertilizer, herbicides, pesticides, insecticides and other things like these. He will also buy food concentrate for the pigs and cattle.
His previous loan helped him invest in his agriculture work and increase his harvest. His economic conditions have improved and his income has increased. His personal situation has improved, as well.
El crédito anterior le ayudo, ya que lo invirtió en la agricultura y esto le permitió adquirir mejoras en la cosecha; las condiciones económicas se han optimizado por lo que las ganancias han incrementado y las circunstancias familiares asimismo.
Previous Loan DetailsMateo has had a good experience with loans, so he is applying again, since he feels that it is a good way to work and to move ahead. Now this loan will be used to pay for laborers to harvest his crop of maicillo (similar to millet) and also to rent a thresher and pay for transportation to bring it… More from Mateo'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