Update on JuanMany of us savor on our palate the delicious beans cultivated in the country, nevertheless we are unaware of their origin and those who produce them. Juan Castro is one of those producers. He has dedicated himself to farming since he was an adolescent and, thanks to the loans provided by KIVA MiCrédito, he has been able to purchase the additives he needs in order to combat pest infestations of his crops. Consequently, he has been able to bring high quality products to market. His profits have enabled him to improve his dwelling and also to acquire a calf.
Juan does not plan to engage solely in the production of beans. His next projects are to build a small artesian well that will serve to irrigate his crops and he also wants to plant tomatoes. Therefore, he will need capital for these new investments. He turned to support from KIVA MiCrédito in order to purchase the pesticides and fertilizer he will use at planting. Although beans are a competitive product, they always yield good profits.
Juan no solo planea dedicarse a la producción del frijol. Sus próximos proyectos son construir un pequeño pozo artesanal que servirá como riego en sus cultivos y también desea plantar tomates. Por lo tanto, necesitará capital para esta nueva inversión. El recurrió al apoyo de KIVA MiCrédito para la compra de pesticidas y abonos que utilizará en la siembra. Aunque es un producto muy competitivo, siempre se logran obtener buenas ganancias.
Previous Loan DetailsJuan, inhabitant of the community of Espinal, one of the suburbs of Estelí, is a farmer by trade. He has worked in this activity from a very young age, as this is a tradition from his parents. He is preparing for the next cycle of sowing of basic grains for which he needs financing to purchase… More from Juan'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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