Update on ConcepcionConcepcion needs to get a new loan for working capital in order to continue farming and also for the good support he gets from the loan institution. This loan will help him buy agricultural supplies like manure, herbicides, pesticides, insecticides, pest-control products, etc.
Concepcion says that the previous loans helped him get agricultural products to grow corn and beans. His dream is to support his son in his studies and make sure he doesn’t go hungry as well as improve their home.
Con el crédito anterior comenta el Sr. Concepción que le ayudo a adquirir los materiales agrícolas para el cultivo de maíz y frijol. Su sueño es apoyar a su hijo en sus estudios y que no le falta la alimentación, asimismo mejorar la vivienda.
Previous Loan DetailsConcepción needs to invest more in the cultivation of corn and beans, and that's why he is requesting a loan to buy fertilizer and herbicides, to apply them to the cultivation of corn and beans and therefore have a better crop, preventing pests. Concepción says he bought fertilizer for the… More from Concepcion'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