Update on Juan OvidioJuan has decided to invest in planting basic grains and will buy manure, herbicides, insecticides and also pay the workers who help him to collect the harvest. With the help of the previous loan, he obtained a more abundant harvest, and this improved his income. His living conditions improved, his family is healthy, and everyone supports him to keep on working and to move forward in life.
Sus condiciones de vida cambiaron, su familia está saludable y todos lo apoyan para seguir trabajando y salir adelante.
Previous Loan DetailsJuan is asking for a new loan for the agricultural season because he will start his new corn crops; he will buy manure, herbicide and enhanced seeds that he hopes will result in a good planting and an abundant, healthy harvest. The effect he had from his previous loan was positive in that he... More from Juan Ovidio'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