Update on Edgar AntonioEdgar’s a young farmer from the community of El Jícaro in Estelí’s outskirts. He grows vegetables. He is a returning client of the institution.
His first loan was the one he got with Kiva funds which made it possible for him to plant a manzana [Central American unit of land measurement] of onions, buy supplies and pay labor costs. He is very grateful for the positive change he attained because he did not have enough capital to start his planting with.
Now, with the goal of attaining one of his desired ends he needs a second loan to expand into a new planting area and plant tomatoes. He will buy supplies like fertilizer, manure and seeds. He hopes to get a quality harvest that can be sold at a good price which will provide a better standard of living for his family.
Previous Loan DetailsEl Jícaro, a community located in the outskirts of Estelí, is where Edgar comes from. Edgar, 23, earns a living from agriculture. He started out at 15 years old working equally with his brother to grow onions, sweet pepper and tomatoes, but now he has been doing this on his own for two years. ... More from Edgar Antonio'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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