Manuel De Jesus
Update on Manuel De JesusManuel has decided to go for a new loan, because he is again growing basic grains. To do this, he need to buy supplies such as the compost, of which he will buy eight sacks. He will pay to rent the land. With this help he will be able to have what he needs to begin the process of planting.
With the last loan he succeeded in having a better production, which was able to generate income for his family. Thanks to the loan with Kiva his condition now is more solvent and his fields have increased their production capacity.
Con el préstamo anterior logró tener una mejor producción y la cual pudo generar ingresos para su familia, gracias al préstamo con kiva su condición ahora es más solvente y sus cultivos han aumentado su capacidad de producción.
Previous Loan DetailsManuel lives with his family: his wife and two children. He has been growing corn since he was a young boy. He grows his corn year after year to support his family and has the help of his father. Manuel is currently requesting a loan to buy fertilizer and pest treatments. This purchase will… More from Manuel 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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