Higinio needs to take out another loan because the previous loans have brought good results for his crop production. This one will serve him to buy 6 quintales of fertilizer as well as insecticide to clear the corn he has planted. The previous loan really helped him, since he obtained an abundant crop free of pests to sell or consume. His family's financial conditions and circumstances have improved.
Higinio, se le presenta la necesidad de optar por un nuevo préstamo porque los créditos anteriores les ha proporcionado buenos resultados en cuanto a la producción del cultivo; este le servirá para comprar 6 quintales de abono, insecticidas para limpiar las malezas de la milpa que ya tiene sembrado.
El crédito anterior le fue de mucha ayuda, ya que logro una cosecha muy abundante y libre de plagas para comercializar o para el consumo; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan Details
Higinio is requesting a new loan, in order to buy agricultural supplies such as fertilizer and insecticides, which are very necessary materials for him to begin planting staple grains.
He considers that this loan will greatly help him, as these materials will be paid for thanks to this loan. ...
More from Higinio'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.