Update on SabasSabas has decided to request a new loan because the previous one helped him reap a more abundant harvest. This investment will allow him to buy farm supplies, including 600 lbs. of fertilizer, insecticides and pesticides which he will use on the plot of land he has planted.
The effect of the previous loan was favorable because the harvest he obtainted helped him sell his crops. The family group remains the same except for the fact that now his family has more opportunities to get an education thanks to the income the loans have generated.
El efecto del crédito anterior fue favorable, ya que la cosecha que obtuvo le ayudo para comercializarla. El grupo familiar se mantiene el mismo, con la diferencia que hoy en día cuenta con mayor oportunidad para prepararse académicamente su familia, gracias a los ingresos económicos que generan los financiamientos.
Previous Loan DetailsSabas is requesting a new loan, which will give him the help he needs to be able to plant corn and purchase fertilizer and herbicides for a block of land he plans to plant. He will also be able to pay laborers. Sabas had a good experience with the previous loan. It gave him a lot of advantages… More from Sabas'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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