Update on Jose AquilinoJosé is requesting a new loan because he needs money to buy compost and herbicides for his corn and beans plantations, now that the sowing season has started.
José says that with the previous loan, he could buy agricultural supplies for his corn and beans plantations. With the profits from the harvest he has been able to help his family. This will help him improve his contribution to his children’s education.
El comenta que el préstamo anterior le permitió comprar insumos agrícolas, para trabajar en el cultivo de maíz y frijol, con las ganancias de la cosecha a podido ayudar a su familia, esto le ayudara a mejorar su aporte a los hijos para que estudien.
Previous Loan DetailsJosé seeks a new loan, as he is in the process of bringing in the corn harvest, for which he needs to pay laborers and costs to transport the harvest to his home. He says his prior loan experience was excellent, and he was able to obtain fertilizer for his crop, which was very productive and a ... More from Jose Aquilino'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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