Update on Timoteo AparicioTimoteo is requesting a new loan to buy more work supplies such as fertilizer and herbicides since he is about to start planting corn and beans. This will help him begin the new crop season.
With a previous loan he bought farm supplies and was able maintain the family living conditions with the income from the harvest.
Con el préstamo anterior logro comprar insumos agrícolas, con la cosecha ha podido ayudar a su familia, con ello todas las condiciones en su hogar se han mantenido.
Previous Loan DetailsTimoteo is asking for a new loan to pay for renting land because he is staring to plant and he needs to secure a place to to grow the crop. He considers that with these loans farmers can do their job better. His prior experience with the loan was very favorable since he was able to get good c... More from Timoteo Aparicio'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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