Update on Victor ManuelVíctor needs a new loan because he needs to continue investing in basic grain production. This one will make it possible for him to buy manure, herbicide, insecticide, fungicide and pesticide, among others.
His previous loan helped him increase income and he uses profits to cover household expenses. His family circumstances and his economic conditions have improved since income has increased and they are all in good health.
El crédito anterior le ayudo a aumentar sus ingresos y las utilidades las invierte en los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado, ya que los ingresos han incrementado y se encuentran bien de salud.
Previous Loan DetailsVíctor needs money to invest in purchasing four sacks of compost for his crops of staple grains. He demonstrates that he has worked with loans and that his output has improved and his family's income has increased as a result, which has brought his family more favorable living conditions. More from Victor Manuel'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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