Update on ConcepciónConcepción needs to request another loan because she needs more working capital to continue investing her business. This will allow her to buy a bull for her cows, so she will be able to breed her cattle.
The previous loan was very helpful for Concepción. She has become one of her town's dairy distributors. Her financial and family situations have improved.
El préstamo anterior le ayudo mucho, ya que se ha convertido en una distribuidora de lácteos en su lugar donde vive; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsConcepción is requesting a loan because she needs to invest in her farming and livestock breeding activities. She will buy food for her cattle such as concentrated feed, processed grain, and fodder. Concepción and her husband will also begin planting corn, so she will invest part of the loan in... More from Concepción'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