Update on Kelvin IsaelKelvin has decided to apply for a new loan because he has more opportunities in his work. He plans to buy a cow with a calf and sell more milk. This will also help him increase the size of his herd.
In Kelvin’s experience the loans have been very satisfactory because he has been able to continue working with cattle and do well. He and his family are economically stable. He recently bought a motorcycle so he could travel around.
El manifiesta que su experiencia con los préstamos es satisfactoria, porque ha podido trabajar la ganadería y los resultados han sido positivos, en su familia su condición es estable, en este periodo ha comprado un medio de transporte para movilizarse, una motocicleta.
Previous Loan DetailsKelvin has decided on a new loan to buy cattle feed like ‘harinilla” and ground grass because during this time of year grasses are dry and this purchase will give him what he needs to feed his cattle. He states that he was able to use the previous loan to plant corn and that his family is stable… More from Kelvin Isael'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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