Update on Mariano AntonioMariano is looking for an opportunity to invest in his basic grains business. He will buy fertilizer, manure, seeds (corn, beans, etc.) and will prepare the soil for new planting. With his previous loan he increased crop yields and income. Today, Mariano is able to provide his family with greater benefits like improved schooling, access to health and nutrition that provides strength and condition to be able to continue working.
Hoy Mariano les brinda mayores beneficios a su familia como: mejor educación, acceso a salud y una alimentación que les brida la fuerza y condición para seguir trabajando.
Previous Loan DetailsMariano is determined to continue working via loans. They present opportunities to be able to invest and to continue doing agricultural work. He is starting to plant corn for which he needs to buy fertilizer and seeds. He also needs to pay for the labor to prepare the land because this needs t... More from Mariano Antonio'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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