Update on SalustianoSalustiano is from the county of El Rancho and he has six children. He is a farmer who, through much effort, grows corn and wheat and raises dairy cows. This has generated an income for his household. He is grateful to Kiva and Micrédito for the loan that has improved the conditions of the pastureland for his cattle.
He is requesting a new loan to buy two calves and pay for pastureland rental. He believes the loan will help reduce his expenses and allow him to increase his livestock little by little.
Previous Loan DetailsSalustiano is from the El Rancho region. He makes a living growing corn, beans, and wheat. He also sells curd from the milk produced by his cows. Salustiano says he began working in agriculture when he was 15 years old, with money he earned working as a day laborer. He used part of the mone... More from Salustiano'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