Update on Fredys ArsenioFredys is asking for a new loan so that he can continue investing in his business and obtain higher earnings. This loan will allow him to purchase pigs as well as feed in order to fatten them, and then sell them.
The previous credit helped him to grow his business and to have everything he needed to work. His economic conditions and his family's cirsumstances have improved because they now have a better quality of life.
El crédito anterior le ayudo a crecer y tener todo lo necesario para trabajar; las condiciones económicas y las circunstancias familiares se han optimizado, ya que tenemos una mejor calidad de vida.
Previous Loan DetailsFredys is seeking a loan to invest in livestock. He will buy pigs which he will fatten and then sell, as this is his business. Once the pigs have fattened, he will be able to make a profit off them when sold. He believes that working with loans in this business has allowed him to have enough ... More from Fredys Arsenio'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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