Update on Benjamin MelitonBenjamín needs a new loan because he needs more working capital. He needs this in order to continue investing in his basic crops like corn and beans and for his livestock. This investment will help him to buy the needed agricultural supplies like fertilizer, herbicides, pesticides, and insecticides and medication for the livestock.
The previous loan was very useful. He managed to cultivate the previous production and to make improvements to his home. The financial conditions and his family circumstances have improved.
El préstamo anterior fue de mucha utilidad, ya que logro cultivar la producción anterior y hacerle mejoraras a su hogar. Las condiciones económicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsBenjamín is requesting a new loan because he is beginning to harvest corn, sorghum, and beans. Also, he will prepare the land that he has decided to cultivate. He will invest in buying fertilizer, improved seed, herbicides, and also in the preparation of the land. This investment will help him have… More from Benjamin Meliton'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