Update on Mauricio AntonioMauricio has decided to apply for a new loan so that he can continue to invest in pigs. This time he plans to buy five pigs. This will help him to continue selling pigs, and he hopes to get a good return on his investment.
He reports that with his previous loan he was able to increase his sales, since he made a good purchase. This helps him to improve his family's circumstances little by little.
El comenta que el préstamo anterior le permitió mejorar sus ventas, ya que realizo una buena compra, tener mejores ingresos para cambiar sus circunstancias familiares poco a poco.
Previous Loan DetailsMauricio is asking for a new loan because he wants to buy more pigs for his business. His aim is to buy them when they are small. He wants to buy around five, as this will give him the opportunity to expand his farm. His goal is to keep working and keep the business going. The impact of the ... More from Mauricio Antonio'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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