Update on AdelinaAdelina raises cattle. She has requested another loan, this time to strengthen her business and buy four calves to care for and then re-sell after six months. The cost of each calf is approximately $250.00. She expects the loan to cover the greatest part of the investment.
She notes that the previous loan was very helpful because she bought the land where she now lives and was able to get by with her other expenses.
Manifiesta que el crédito anterior, resulto ser de mucha ayuda, por que compro un terreno donde actualmente vive y que todas las demás condiciones se mantienen.
Previous Loan DetailsAdelina lives with her three children, ages 14, 11, and 9. She’s been buying and selling livestock for five years because of the need to care for her children. She does this every day. She will use the money from this loan to help buy some land, which will help her have a building in her name… More from Adelina'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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