Update on Silvio JoseSilvio is applying for a new loan, so that he can invest in his business growing corn, buying the necessary materials so that production will be more abundant and healthy. For example, he will buy fertilizer, seeds, and also pay for the labor needed to prepare the land. With this, he will be in a position to start his work.
He considers that the previous loan has allowed him to increase his inventory of supplies, enabling him to have a good harvest that he has been able to sell at a very good price, obtaining a profit margin that enables him to help his family. Nowadays he is doing his farming on a greater number of manzanas (unit of land measurement), so he hopes to have more output.
El considera que el préstamo anterior le ha permitido incrementar su inventario para poder tener una buena cosecha de la cual ha podido vender a muy buen precio, obteniendo un margen de ganancia para poder ayudar a su familia, hoy en día está realizando su cultivo en mayor número de manzanas de terreno con lo que espera tener más producción.
Previous Loan DetailsSilvio lives with his wife; he has four minor children attending school. He works growing basic grains and raising cattle. He’s spent his entire life in these activities since he learned them while very young from his father. He requests a loan because he’s starting a new corn planting cycle... More from Silvio Jose'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