Update on Hector AntonioHector has decided that it is necessary for him to request a new loan because he needs money to help him buy the agricultural supplies he needs such as seeds, manure, herbicides, pesticides, insecticides, and to pay labor costs. The previous loan was of great help to him as it covered the costs of the things he needed for the harvest and he managed to obtain an excellent crop and this allowed him to provide for his family. He now has electricity at home, has built another house, and has found other sources of work.
El préstamo anterior fue favorable, ya que logro cumplir con lo que necesitaba la cosecha y logro obtener una excelente producción, la familia se ha mantenido. Hoy en día ya cuenta con energía eléctrica propia, asimismo construyo una nueva casa y ha agregado otro tipo de actividad.
Previous Loan DetailsHéctor has decided to request a new loan to buy beans for their seeds, because now is the time to plant. He will would also like to use the loan to buy coco plants, tamarind trees, and also pay to rent the land and buy a hog, which will all help him continue to do his job. The previous loan had… More from Hector Antonio'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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Success!! The loan was 100% repaid