Update on Osman AdilsonOsman is asking for a new loan to work in agriculture. He will use this money to buy six sacks of manure and a container of herbicide. These supplies are used every time he starts a new corn and bean crop to protect it from infestations and to improve crop yields.
His previous investment had the effect of increasing production capacity in that he obtained a good harvest. The loans have helped him to improve and strengthen his production supporting his family with the resources generated through the sale of his harvest.
El efecto que tuvo con la inversión anterior fue aumentar la capacidad de producción, ya que obtuvo una buena cosecha, estos créditos han ayudado a mejorar y fortalecer su producción, apoyando su familia con todos los recursos que genera a través de las ventas de la cosecha.
Previous Loan DetailsOsman has decided to ask for a new loan, which he will use to pay the rent on a piece of land where he will grow corn. These loans always help make his farming work easier. With the last loan, the investment had a positive effect, but some unanticipated problems set him back. He hopes that this n... More from Osman Adilson'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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