Update on CristinoCristino is in need of a new loan because he needs more working capital to invest during this season. This will allow him to buy a variety of fruits and vegetables such as apples, grapes, oranges,watermelon, tomatoes, onions, chiles, etc. His previous loan helped him to meet the needs of his customers and the demand that they presented him. His financial and family circumstances have improved.
El crédito anterior le ayudo a satisfacer la necesidad de los clientes y la demanda que se presentaba; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsCristino, who lives in Cacaopera, Morazán Department, makes his living selling fruits and vegetables. He lives with his wife and their one-year old son. He has had his business for five years, and it is mainly his wife who runs the business. One of their advantages is that there is no nearby… More from Cristino'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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