Update on Fidel AntonioFidel decided to get a new loan so he can stop working on the land sowing corn and squash. He will invest in fertlizer and seed, and he will pay farmhands to work during the sowing season. This will help Fidel's sowing season to go well.
The previous loan had a positive effect. He was able to harvest the corn and squash in order to feed his family, and he was also able to sell some of the harvest, but he says that some of the crops sown were lost due to the lack of water during winter.
Él tuvo un efecto positivo con el préstamo anterior, considera que saco la cosecha de maíz y pipián, para poder alimentar a su familia y tambien vender, pero además manifiesta que tuvo una parte de esta siembra que la perdió, por falta de agua en el invierno.
Previous Loan DetailsFidel is beginning his cultivation of corn, for which he will need to buy himself agricultural inputs that allow him to grow corn and pipián (seasonal squash). These will include fertilizers, herbicides, and seeds that will permit him to begin his agricultural work. The loan before allowed hi... More from Fidel Antonio'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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Success!! The loan was 100% repaid