Update on DanielDaniel sees loans as a helpful tool to invest in his business. For this reason, he decided to request another loan, which he will use to buy seeds, pesticides, insecticides, and inorganic and organic fertilizers to grow corn and beans.
The previous loan helped Daniel to buy agricultural supplies with which he prepared the field and protected his crops against pests. His way of life has improved, and he has been paying off his debts.
El financiamiento anterior le ayudo a Daniel a comprar materiales agrícolas con los que preparo el terreno y protegió sus cultivos de plagas. Su estilo de vida ha mejorado y ha ido cancelando sus deudas.
Previous Loan DetailsDaniel needs to improve his corn and bean crops. For this reason, he is requesting a new loan which will allow him to buy fertilizer, herbicides, and corn and bean seeds. This will allow him to have a better crop and to guarantee produce to his clients. He gained experience from his earlier loan.… More from Daniel'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.
About El Salvador
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Success!! The loan was 100% repaid