Update on Rudi AlbertoRudi has decided to request a new loan in order to invest in his business of buying livestock and pigs. He wants to raise more animals and this loan will allow him to improve his farming.
He was able to invest in livestock, which he will resell, with the help of this loan. This has allowed him to work and make money from the sales. His income has made it possible to have the necessary items for his family.
Con el préstamo anterior pudo invertir en la compra de ganado, para tener en la reventa, con ello ha logrado trabajar en este tiempo y ganar dinero de las ventas, sus ingresos le han servido para tener lo necesario para su familia.
Previous Loan DetailsRudi is asking for a new loan, since he has the chance to add to his cattle by buying two calves. With this loan he will gain the economic means to accomplish the purchase, which will be of great help to him. The previous loan that he received had a very positive effect, since he has continued… More from Rudi Alberto'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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