Update on LuciaLucia needs to make an investment in her business. That is why she will use a new loan to purchase pigs for butchering, although she will keep some on the farm in order to fatten them up. This loan will help her have the opportunity to keep working and provide what her family needs.
The previous loan generated positive results, helping her increase her sales and income in order to support her family.
El efecto que tuvo con el préstamo anterior fue positivo, ayudándole a generar más ventas y ganancias para el sustento familiar.
Previous Loan DetailsLucia sells beef and pork. He lives with his wife and his 13 year old daughter who goes to school. His 73 year old uncle also lives with him. Through his work he has managed to get his family ahead. He currently wants to buy pigs and a heifer. He needs them in order to butcher them and sel... More from Lucia'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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