Update on SerapioSerapio has applied for a new loan because he needs working capital for this season, when it will be good to invest in agriculture. This loan will allow him to buy necessary agricultural supplies, such as fertilizer, herbicides, pesticides, insecticides, and feed for his livestock. His previous loan helped him by allowing him to grow his business. Before, he only had one cow, but now he has three. His financial situation and his family's circumstances have improved.
El crédito anterior le ayudo de una manera favorable, ya que le permitió crecer en el negocio porque antes solo tenía una vaca y hoy en día cuenta con tres; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsSerapio is asking for a new loan to harvest his sugar cane and coffee crops. He will use the money from the loan to hire laborers to help him process his harvest and finish up with his crops. He had a positive experience with his previous loan, which is demonstrated by the fact that he will be… More from Serapio'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.
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About El Salvador
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Success!! The loan was 100% repaid