Update on Juan CarlosEnormous mountains accompanied by a refreshing breeze and a brilliant sun are what the good days offer to Juan Carlos when he goes to his rice plantings to check that everything is going well. He is 35 years old, in a common-law marriage, and has 2 children. He began his farming business nine years ago, which has become his primary source of income. His life partner has been his right hand; together they fight to offer their children better living conditions.
Juan asks for a second loan to increase the production of his farming; he needs to buy 10 quintals (1000 pounds) of urea fertilizer and gasoline so that he can prepare the soil and the crop will be a success. At the same time, he will be able to get around with out any problems. He is very grateful for the first Kiva loan through MiCrédito with which he managed to rent land to plant and get good earnings for the product he planted. One of his goals is to continue cultivation to meet his customers' demand and, in turn, increase his income.
Juan solicita un segundo crédito para incrementar la producción de su trabajo, requiere comprar 10 quintales de fertilízante urea y gasolina, de manera que pueda acondicionar la tierra y el cultivo sea un éxito; al mismo tiempo poder desplazarse sin ningún problema. Él está muy agradecido con el primer financiamiento de KIVA a través de MiCrédito con el que logró alquilar tierras para la siembra y obtener buenas ganancias por el producto sembrado. Uno de sus objetivos es seguir cultivando para cumplir la demanda de su clientela y así incrementar sus ingresos.
Previous Loan DetailsJuan cultivates rice on the outskirts of Teustepe. His is the father of 2 children, aged 6 and 3. He acquired his experience in agriculture many years ago when he used to raise livestock. Later, he went to work in a rice company where he was involved in the process from the planting until the ... More from Juan Carlos'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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Success!! The loan was 100% repaid