Update on Fredys ArsenioFredys is seeking a loan to invest in livestock. He will buy pigs which he will fatten and then sell, as this is his business. Once the pigs have fattened, he will be able to make a profit off them when sold.
He believes that working with loans in this business has allowed him to have enough pigs for his business. He has worked for his family so that he could offer them better conditions with the earnings generated.
El considera que trabajar con préstamos para esta actividad le ha permitido tener una granja con suficientes cerdos, ha trabajado por su familia, generando una mejor condición con los ingresos.
Previous Loan DetailsFredys is determined to continue investing in his business. For this reason he is requesting another loan to invest in pigs and feed, to expand his farm and have new opportunities for sales and profit in the future. The investment will allow him to grow and offer his customers fattened pigs for… More from Fredys Arsenio'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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