Omar De Jesus
Update on Omar De JesusOmar is faced with the need for a new loan in order to continue investing in his work. This loan will allow him to buy the appropriate farming materials for his fields, like fertilizer, insecticide, pesticide, pest-control substances, herbicide, and other items. These products will help him to improve production.
The effect of the previous loan was positive. He was able to acquire everything necessary for his work. His familial situation and economic conditions have improved.
El efecto del crédito anterior fue positivo, ya que logro adquirir todo lo necesario para trabajar; las circunstancias familiares han mejorado, por lo que las condiciones económicas se han optimizado.
Previous Loan DetailsOmar is seeking a new loan as he wishes to invest more money in his business and increase earnings. The loan will enable him to buy agricultural supplies such as fertilizer, insecticide, pesticide etc for his fields. The previous loan helped him greatly as he was able to expand his business and… More from Omar De Jesus'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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