Update on ManuelManuel decided to request a new loan so that he could strengthen his farming activities. He has already experienced improvements in his earnings. The loan will be used to buy compost, insecticides, fungicides, herbicides, and seeds. He will be able to adequately prepare the land for planting, which will allow him to continue improving his productivity.
With the help of his previous loan, Manuel experienced an abundant corn harvest. The profit he generated was invested in a more comfortable lifestyle for his family and was also used to repay his debt.
Con la ayuda del crédito anterior su cosecha de maíz fue muy abundante dejándole ganancias que ha invertido en dar a su familia un estilo de vida más confortable y cancelar sus cuotas.
Previous Loan DetailsManuel is a rancher. He lives alone with his wife as his children already live in their own households. Manuel has been working in ranching for more than 30 years as his father taught him to work when he was very young. He starts his work at 4.00am and keeps going until 4.00pm. He also provides… More from Manuel'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!