Update on Jose EliasJosé is a Kiva client and he is very thankful for his first loan because it helped him to invest in the sowing of his land and to earn more money. The loan allowed him to purchase the oxen that he needed to plow his land and he was also able to plant basic grains. Because of this, he is in need of a second loan in order to invest in the purchase of corn and beans. With the earnings that he generates from the harvest, he will be able to get a better yield from his harvest that he will be able to sell at a good price and obtain more earnings. His future plans are to improve the infrastructure of his house.
Previous Loan DetailsJose has been a simple farmer since he was very young and is committed to working in agriculture. He lives in the region of El Rosario, located in Pueblo Nuevo, city of Estelí. He is 32 years old and the father of a young son who goes to school. He works planting basic grains along with his fathe... More from Jose Elias'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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