Update on SimonSimón, needs more working capital to start to plant the new crop of the season. For that reason he is applying for a loan to pay the lease on the land where he will be able to harvest. It will help him have the security of the land and be able to harvest corn and sweet potatoes. Simón believes that the previous loan allowed him to buy the necessary supplies, to make a living on agriculture and to support his family and his children in their education.
Simón considera que el préstamo anterior le ayudo a comprar los insumos necesarios, manteniéndose en la actividad agrícola y apoyar a su familia y sus hijos en los estudios.
Previous Loan DetailsSimón is seeking a new loan because he is starting to prepare to plant new crops. With this loan, he will pay the rent on his land, which consists of two blocks, on which he will cultivate corn and sweet potatoes. He will also buy agricultural supplies, such as manure and fertilizer. This loan… More from Simon'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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