Update on CarmenCarmen is requesting for a new loan to be invested in the purchase of fertilizer, seed, herbicides, pesticides, feed to pigs and cattle, which will strengthen his livestock so he can prepare his cornfield for the new season.
He used his last loan to improve his business, got some pigs for sale and was able to finish his home that was under construction.
Con ayuda del crédito anterior mejoro su negocio, tuvo cerdos para el destazo, ha logrado finalizar una casa que poco a poco han ido construyendo.
Previous Loan DetailsCarmen has decided to take another loan. With the help of these loans he has been able to stay in business. He will invest this loan in the purchase of pigs for butchering to sell the meat. The loans have had a good effect on Carmen's business because they allow him to buy the pigs to continue… More from Carmen'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