Update on CruzCruz is applying for another loan because he needs to continue cultivating corn and bananas, and he needs the supplies necessary to plant these crops. This loan will allow him to buy fertilizer, pesticide, insecticide, and herbicide, as well as to prepare his land and pay workers.
His previous loan helped him to prepare excellent plots of bananas and corn, as he was able to obtain two harvests thanks to the loan. He has maintained his family, his earnings have improved, and he was able to buy pipes to improve his house. His wish is to plant more in order to provide for his family.
El crédito anterior le ayudo a realizar una excelente siembra de plátanos y maíz, ya que logro obtener dos cosechas gracias a este. La familia se ha mantenido, sus ingresos han mejorado, ya que le permito comprar unos tubos para mejorar su vivienda, su deseo es cultivar más para sacar adelante a su familia.
Previous Loan DetailsCruz wants to continue cultivating corn and squash, as well as preparing the land. For this reason he is asking for a new loan in order to purchase fertilizer, seed, corn, herbicides, and to prepare the land. This will help him be assured of a better harvest. With the previous loan he was ... More from Cruz'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