Update on Jose RomeoJosé has decided to make a new investment in his corn and bean crops. He needs the loan to buy manure, insecticide and seeds. The capital he got previously improved his land and crop yield was greater as was his income.
He’d now like to better help with household expenses. Their living conditions are better and their goal is to increase the planted area more each time and to include another type of crop so that his sales will be better.
Ahora él puede apoyar más con los gastos que se dan en su casa, las condiciones en las que viven son mejores, tienen como finalidad aumentar cada vez más el área en la que siembran e incluir otro tipo de cultivo para tener mejores ventas
Previous Loan DetailsJose is requesting a new loan because he needs more working capital to grow corn and beans. This will allow him to buy fertilizer, herbicides and pesticides to aid in the cultivation of his crops. His previous loan helped him buy agricultural supplies and with the income he has been able to… More from Jose Romeo'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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