Update on Fredy OdilioFredy needs to go for a new loan because he needs to continue investing more working capital in his basic grains. This will make it possible for him to buy manure, herbicide, insecticide, fungicide, pesticide and corn seed as well as to prepare the soil.
The previous loan has helped him in that his income has increased and his economic conditions and family circumstances have improved. He hopes to God that the next harvest will make it possible for him to get ahead.
El crédito anterior le ha ayudado, ya que los ingresos son mayores, las condiciones económicas y las circunstancias familiares han mejorado, espera en Dios que esta próxima cosecha le permitirá salir adelante.
Previous Loan DetailsFredy decided to request a new loan because he got a good harvest from his crops the last time because of the supplies he was able to buy. He is replanting and will buy fertilizer and pay for field labor. He increased his income the last time, having sold part of his crop, he has better stabi... More from Fredy Odilio'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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