Update on Jose VirgilioJosé is requesting a new loan because he needs money to finish buying a vehicle for work. His trade is transportation and working in agriculture.
The previous loan allowed him to increase his income. This has been very helpful because he managed to buy basic products for his household. He also got agricultural supplies for the crops, and his financial conditions have improved.
El préstamo anterior le permitió aumentar los ingresos, el cual han sido de mucha ayudo porque la logrado invertir en la compra de productos básicos para el hogar, asimismo adquirio insumos agricolas para el cultivo y han mejorado las condiciones económicas.
Previous Loan DetailsJosé is a farmer. He lives in his own house with his wife and two children, ages 7 and 9. He works growing corn on his own. He learned with his father when he used to help him. José produces his crop on a plot of land of one "manzana" [approximately 1.736 acres]. He is requesting a loan to… More from Jose Virgilio'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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