Emigdio De Jesus
Update on Emigdio De JesusEmigdio is seeking a new loan. His business has received positive attention, and these loans have helped him to improve his business. With this loan he plans to purchase pigs for his farm, which he will fatten so that he can resell them. His business strategy is to buy small pigs and fatten them, then put them up for sale so that he can make a profit.
With his previous loan he was able to make improvements to his business and have everything he needed in order to continue his operations. Recently his economic and family conditions have remained stable.
El préstamo anterior le permitió mejorar el negocio y tener lo necesario para continuar trabajando, hasta el momento sus condiciones económicas y familiares se han mantenido estables.
Previous Loan DetailsEmigdio lives with his mother and siblings. He’s single. He’s a farmer and raises livestock. This business arose thanks to his parents who taught him the occupation and supported him to move the business forward. He works every day, all day in the fields. He’s asking for a loan to buy farm... More from Emigdio De Jesus'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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