Update on Jorge LuisJorge enjoys the service he has been offered and, because of the good results he gets from the loans, he decided to request another loan. He's going to invest in buying soil amendments, herbicide, pesticide, and insecticide to keep on growing basic grains.
With the help of the previous loan he avoided his harvest being damaged by natural phenomena, his productivity has been greater, his family is provided for, and he paid back his debt.
Con ayuda del crédito anterior evito que algunos fenómenos naturales dañaran su cosecha, la productividad ha sido mayor, su familia se mantiene y cancelo su deuda.
Previous Loan DetailsJorge had very good results with his previous investment, which allowed him to have at his disposal the agricultural materials he needed at that time. The harvest was plentiful and his new income helps him to pay the monthly fees and also buy some furniture for his home. Jorge is getting everyth... More from Jorge Luis'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