Update on Jose RufinoJose needs more working capital to grow basic grains, such as corn and beans. This investment will help him to buy agricultural supplies, such as fertilizer, herbicide, and pesticides, among other things. The previous loan helped him to get farming supplies for his crops and this way he was able to provide for his family. The economic conditions and family circumstances have improved.
El crédito anterior le ayudo a adquirir los insumos agrícolas para su cultivo y así ha logrado aportar para su familia; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJosé is once again asking for a loan to keep working in the planting of beans and corn because of this institution's great service. He needs to buy agricultural goods like herbicides, fertilizer, and seeds. In this way he can achieve better results. He says that his last loan was very well spe... More from Jose Rufino'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