Update on Delmy EsperanzaDelmy is requesting another loan because she needs to invest in a seasonal crop of corn and beans. In order to make this investment, she needs to buy compost and herbicides for the plot of land on which she will plant the corn and beans.
Her previous loan ended with good results. It helped her to buy farming supplies for her crops so that her family could move forward. All of her conditions are the same and she has not had any problems with continuing to grow corn and beans. The first crops that she harvested enabled her to pay back her loan.
Previous Loan DetailsDelmy is a single mother of three children who are 11, 16 and 18 years of age. She is a housewife and also farms. She’s been farming corn for ten years. Her older children help her with the work. Their work schedule is 6am to 3pm. She is asking for a loan to buy manure and insecticide. She… More from Delmy Esperanza'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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