Update on Eduardo AntonioEduardo has decided to request a new loan because he will begin planting basic grains and needs to buy the main supplies, such as fertilizers and herbicides. He will also hire workers.
He used the previous loan to increase production, and was able to use the income to cover household expenses. His family is in good health and has a stable income.
Con el préstamo anterior él considera que la producción aumento y sus ingresos le han servido para invertir en los gastos del hogar, toda su familia goza de buena salud y están estables.
Previous Loan DetailsEduardo needs investment money for farming. For this reason, he is requesting a loan so that he can purchase six sacks of compost and insecticides for his crops. With these supplies, he expects to achieve a better harvest by preventing diseases and pests.
Eduardo says that his previous ... More from Eduardo 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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Success!! The loan was 100% repaid