Jorge De Jesus
Update on Jorge De JesusJorge needs a new loan because he needs more working capital for agriculture. He is about to start sowing basic grains. This loan will allow him to buy the necessary agricultural supplies such as manure, insecticides, pesticides, and fungicides.
His previous loan had a positive impact. He was able to obtain a better income, and he invested this in basic household costs. His production also improved. His economic conditions and family circumstances have improved.
El crédito anterior fue positivo, ya que logro obtener mejores ingresos y esto los invierte en los gastos básicos de hogar, asimismo la producción incremento. Las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJorge is beginning to collect his harvest so he needs a new loan that will allow him to pay for a degraining machine and rent three plots of land to begin the new season of planting. This loan will help Jorge have a good harvest so he can eat and also allows him to get a head start on the next… More from Jorge 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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