Update on Jose CristobalJosé has chosen to request a new loan because he needs more operating capital so that he can continue investing in his business. This will enable him to buy two nursing cows for grazing.
The effect of his previous loan helped him to improve his income and continue working in his business. Both his financial condition and family circumstances have improved.
El efecto del crédito anterior le ayudo a mejorar sus ingresos y seguir trabajando en su negocio; las condiciones económicas han mejorado y las circunstancias familiares se mantienen igual.
Previous Loan DetailsJosé lives with his children and wife, who depend on him. José raises cattle, working with his son on his own schedule to raise, buy, and sell cattle. He is seeking this loan to buy two cows and their calves, which will help him to increase his production of milk and saleable cattle, allowing him… More from Jose Cristobal'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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