Update on Jose LuisJosé has decided to take out another loan as he needs to buy manure, fertilisers, insecticides and seeds in order to sow his land and have a good harvest, have quality grains and thus fulfil his customers' orders.
José used his previous loan to buy cattle feed and to buy a cow. This helped him to strengthen his business and improve his sales. His customers are more satisfied and his financial situation is more stable.
Con el crédito anterior compro concentrado para la ganadería y adquirir una vaca, lo que le ayudo a tener un negocio muy fortalecido, mejoro sus ventas, cuenta con clientes más satisfechos, sus ventas mejoraron y su economía es más estable.
Previous Loan DetailsJosé needs a new loan to buy cattle and improve his farm production. He will use this loan to buy animal feed concentrate and a cow. He increased his inventory, earnings, and livestock with the previous loan. His family's status is the same, but their financial situation has improved a bit. 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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Success!! The loan was 100% repaid