Update on Maximiliano GuillermoMaximiliano has decided to request another loan because he is starting some agricultural work and needs to pay for fertilizer, herbicides, and the preparation of the land. This loan will give him the strength to be able to start a new planting from which he hopes to receive good profits.
He reports that the effect of his previous loan was positive; he made a good investment with which he managed to maintain his household, giving his family what they needed to cover their costs. He was also able to finish the construction of his house.
El manifiesta que el efecto que tuvo con el préstamo anterior fue positivo, ya que realizó su buena inversión, de la cual ha logrado mantener a su familia dandoles lo necesario para cubrir los gastos y también ha podido terminar la construcción de su vivienda.
Previous Loan DetailsMaximiliano, age 65, is a hardworking man who farms corn and pipián squash. He lives in the Jiquilisco departament of Usulután with his wife, who sells clothing, and his children. Maximiliano has been farming for 30 years and is currently planting four plots of land: three plots of corn and one p... More from Maximiliano Guillermo'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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