Update on Jose LuisJosé has decided to request another loan because of the great benefits he got from the previous one and because of the good customer service he receives. He will use the funds to buy fertilizer, manure and to pay labor costs for he’ll hire people to help him prepare the land because his acreage has increased. The changes José has had in his business are many, among which are: improved harvest, larger acreage, increased income and better living conditions for him and his family.
Para José los cambios que ha tenido con el crecimiento de su negocio son muchos tales como: mejor cosecha, mayor área de cultivo, mayores ingresos y mejores condiciones de vida para él y su familia.
Previous Loan DetailsJosé is requesting a new loan because he needs to invest more in his corn and pumpkin crops. This investment will allow him to buy agricultural supplies, pesticides, insecticides, and herbicides. With the last loan he managed to get better income and to cover the household expenses. His… More from Jose Luis'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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