Update on RicardoRicardo is requesting a new loan because he needs more working capital; this will allow him to buy necessary supplies, such as: fertilizer, herbicide, insecticide, pesticide, and seeds, and to prepare his land.
His economic conditions have gotten better and his family circumstances have improved.
Las condiciones economicas han mejorado y las circunstancias familiares se han optimizado
Previous Loan DetailsRicardo is a small farmer. He lives with his wife and their children in Jiquilisco, in the department of Usulután. He is 41 years old. He has been farming for four years, since he learned this skill when he was already an adult and was working as an assistant. Ricardo wants to buy livestock and m... More from Ricardo'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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