Update on Rene ArcidesRene is expanding his business and has decided to ask for another loan to buy compost, insecticides, pesticides and three calves to raise and sell. It would be a great help to his business as it would give him good results, just like the last loan did. With his last loan his sales increased, his harvest produced better quality grains and he could pay for his business.
He continues working so he can get the income he needs to pay for his children’s studies. It is important to him that they get a university education.
Sigue trabajando para que su negocio esté dando los ingresos que necesita para apoyar a sus hijos en sus estudios, para él es importante que tengan educación universitaria.
Previous Loan DetailsRené is a cattle farmer as well as engaging in planting corn and beans. He lives with his family and he has three children aged 9, 17 and 21. He has been engaging in this activity for 15 years, he has learned it form his parents and up to know he has had no problems. The loan he is requesting wi... More from Rene Arcides'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