Manuel De Jesus
Update on Manuel De JesusManuel needs another loan to invest in his business. He will use the loan to buy three pigs and feed to fatten them and to prepare his manzana of land for planting. The prior loan helped him increase earnings and profits. His living conditions improved. His family had to face a difficult situation when a son died, and the related costs were high. The family's financial situation remains the same.
El préstamo anterior le ayudo a mejorar sus ingresos y obtener utilidades. Sus condiciones de vida han mejorado, en su familia enfrento una situacion dificil, falleció un hijo y tuvo muchos gastos, y sus condiciones económicas se mantienen igual.
Previous Loan DetailsManuel lives with his wife and their 17-year-old son. He is a farmer and a livestock breeder. He owns two manzanas (approx. 3.36 acres*) of planted land, as well as dairy and non-dairy cattle. He is currently requesting a loan to buy non-dairy cattle, as in the summer this makes the most… More from Manuel De Jesus'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