Update on BenitoBenito needs another loan to buy feed for his livestock such as corn flour, grass, corncobs, etc., because there's no grass this time of year.
With the previous loan he was able to expand his corn crop as well as his livestock business, and today he has more calves and dairy cows, with which he has earned more income.
Con el crédito anterior le permitió crecer en el cultivo de maíz, al mismo tiempo en el negocio de la ganadería, ya que hoy cuenta con más terneros y vacas lecheras, lo que significa que ha obtenido mayor ingresos.
Previous Loan DetailsBenito has decided to ask for a new loan because a new sowing season is about to start and he needs to buy manure and insecticides to use them when planting corn. These are supplies farmers use to fight pests while strengthening the crops at the same time. His family’s life has improved thanks… More from Benito'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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