Update on Mario EfigenioMario has decided on a loan because he feels that it allows him and his family many benefits. With the loan he will pay for labor for harvesting basic grains in 10 production tasks. Part of it will also allow him to pay for transport and to move his harvest to his home.
He says that the last loan helped him to get a good harvest, and he has continued to work and has achieved many things through work. At home, they have everything they need, and he and his wife have decided they can have another child.
El manifiesta que el préstamo anterior le ayudó a realizar una buena cosecha, se ha mantenido trabajando y ha logrado muchas cosas a través del trabajo, en su hogar cuentan con todo lo necesario y han decidido el y su esposa poder tener otro hijo.
Previous Loan DetailsMario is asking for a new loan because he wants to pay for collecting his harvest. This will help him pay for labor and transportation to his home. This loan will help him have the harvest in his home where he can assure its disposition. He has good experience with loans and he had a good h... More from Mario Efigenio'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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