Update on Jeovanny OmarJeovanny will use his loan to buy manure, herbicides to deal with pests, and seeds, so that his harvests improve, he produces more and makes better profits. He decided to take out a new loan because he is beginning his sowing once again. His previous loan helped him to carry out his previous season's sowing and it has been a great help to him, allowing him to support his children with everything they need.
Previous Loan DetailsJeovany raises corn and livestock. He lives with his wife and three children who are 5, 7, and 9 years of age. They live in El Transito, San Miguel Department. He started working 12 years ago alongside his father who taught him all the skills. His schedule is 6am to 3pm. He needs a loan to... More from Jeovanny Omar'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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