Update on MartinFor this coming planting season, Martin needs a new loan. He will buy farming supplies and animal feed and pay for day labor so that he can prepare his land for the harvest of basic grains.
The capital that was provided to him previously gave him positive results. His livestock are in better conditions, he was not affected by the dry season, and his profits are better. His family now has new opportunities to develop and his good credit history supports his ability to pay this newly acquired debt.
El capital que se le otorgo anteriormente le dio resultados positivos, su ganado está en mejores condiciones no le afecto la época seca, su rentabilidad es mejor, su familia tiene nuevas oportunidades de un buen desarrollo y su buen record crediticio respalda el pago de la nueva deuda adquirida.
Previous Loan DetailsMartín works raising cattle and growing basic grains. He lives with his family, his wife and five children, three of whom are financially dependent on him. He has had the business for 15 years. He inherited it from his parents. It is a very nice job, working in the fields; at least Martín… More from Martin'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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This loan has been fully funded!