Update on Juan PabloJuan’s starting new work in agriculture and to do so will buy the necessary supplies like manure, herbicide and pesticide. He’s asking for a new loan to make this purchase. With this contribution he’ll be starting out with all supplies on-hand.
He considers that his work in agriculture is improving with the farm supplies he applies since he has everything needed to work and grow. His family's economic condition has improved.
Considera que su trabajo en la agricultura está mejorando, con los materiales agrícolas que aplica, ya que tiene todo lo necesario para trabajar y crecer, con su familia ha tenido mejoras en la condición económica.
Previous Loan DetailsJuan must invest more in his agriculture business. He has taken this decision and will plant a new crop. Accordingly, he will need to purchase materials like fertilizer, insecticide, and pesticide which are necessary to prevent plagues and maladies from spreading through his crop. His objective… More from Juan Pablo'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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