Update on Estebana
Estebana is 67 years old and is married. She lives with her husband and three children. Two of them have disabilities and the other helps with the housework and with her business. She has been raising and selling pigs, creole chickens and livestock for more than thirty years. She does it with the unconditional support of her husband. The people of her community are her main market.
In order to increase the profitability of her business she is requesting a loan which she will use to buy special concentrated feed for her barnyard animals. She will receive a higher price and her profits will be greater and she can count on satisfied customers and greater sales.
Her main dream is to be able to care for her children and provide them with a more dignified life.
Previous Loan Details
Estebana, 65 years old, lives with her husband and three children. They have had a pig farm for over 20 years. Doing this work, she can have economic resources that she uses to pay the family expenses. She takes care of the animals and then sells them in the area. She will use the loan to purc… More from Estebana’s previous loan »
More information about this loan
This loan is designed to provide growth opportunities to elderly people. People 60 years old and older in El Salvador have limited access to credit, even when fully physically and mentally capable of working. The reason is insurance companies don’t cover people who are over 65 and require them to show a health certificate if they are over 60. This potential for health expenses makes financial institutions less willing to take on the risk of the loan. By funding this loan, you are helping elderly people access opportunities in El Salvador.
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.