Update on Jose GeronimoJosé is requesting a new loan to buy cattle, in order to increase the profits of his business. He wants to buy two grazing cows in calf. With his previous loan he managed to buy a milk cow, to support his family and continue working as a farmer. He has been able to maintain and keep working in his activities.
Con el crédito anterior logro adquirir una vaca lechera, para el sustento de la familia y seguir trabajando en el cultivo. Él ha podido mantener y seguir trabajando en su actividad.
Previous Loan DetailsJosé needs a new loan to strengthen his business. He needs to buy chemical and natural fertilizers, herbicide, and insecticide in order to start his corn and bean crops. This loan will help him to have the resources that he needs so that he is able to keep working. The previous loan helped… More from Jose Geronimo'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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