Update on Jose GudielJose is requesting this loan to buy six sacks of fertilizer and to pay for the labor to harvest his crops. He says that with the fertilizer he will be able to condition the land in order to have a better harvest. He says that with his previous loan his sales increased and he saw an important increase in his income, with which he was able to pay off debts, pay for household expenses and pay for school supplies for his children.
Con la inversión anterior el sus ventas aumentaron, sus ingresos han tenido un crecimiento muy importante pues con ellos ha cancelado deudas, ha apoyado en los gastos del hogar y a cubierto las necesidades educativas de sus hijos.
Previous Loan DetailsJosé has opted for a new loan because of the good attention he received; he needs to buy farm supplies because he’s starting a new planting cycle. He will buy seven sacks of manure and pay labor costs. His previous loan increased his profits because he had a good crop yield of basic grains. His… More from Jose Gudiel'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