Update on EugenioEugenio is requesting this loan in order to continue investing in his livestock business and corn farming operation. He plans to use the support from this loan to purchase two more dairy cows for his business.
His previous loan allowed him to acquire more livestock and expand his business. His family's circumstances remain consistent with the description for his previous loan.
El crédito anterior le permitió adquirir más ganado y mantenerlas hasta la fecha. Las circunstancias familiares no han cambiado.
Previous Loan DetailsEugenio lives with his wife and has his own home. He works planting corn and raising livestock. He has corn and sorghum crops. He also sells milk from his house. He is requesting a loan to purchase two cows for breeding, with which he hopes to increase his working capital while improving his p... More from Eugenio'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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