Update on Maximiliano GuillermoMaximiliano needs to take out another loan because he needs more capital to continue investing in his agricultural activity. The loan he’s requesting will make it possible for him to buy agricultural supplies like manure and poison, among others and to prepare the soil. This will help him have everything needed to plant corn and to generate higher household income. Economic conditions and his family circumstances have improved thanks to the previous loan.
El préstamo que solicita le permitirá comprar los insumos agrícolas necesarios tales como: abono, veneno, entre otros y preparación de la tierra; esto le ayudara a tener todo lo necesario para la siembra de maíz y así generar mayores ingresos para el hogar.
Las condiciones economicas y las circunstancias familiares han mejorado gracias al credito anterior.
Previous Loan DetailsMaximiliano would like to continue his work as a crop and livestock farmer. Therefore he is requesting a new loan to buy supplies such as fertilizer, seeds and herbicides to plant corn. The loans have helped his crop business and enabled him to maintain a good credit record. The last harvest h... More from Maximiliano Guillermo'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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