Update on Jose BalbinoJose has requested another loan. He is preparing to plant and needs to buy compost, fertilizer, pesticides, and pay for labor. In this way he will be able to continue farming with no problems.
His previous investment gave him an abundant and good quality harvest. His income increased and his family is enjoying good food and health.
Con la inversión que hiso anteriormente le dio como resultado una cosecha abundante y de buena calidad, sus ingresos mejoraron, su familia está gozando de buena alimentación y salud.
Previous Loan DetailsJosé’s asking for a new loan because he needs more working capital and because of the easy loan terms the Institution offers. This will make it possible for him to buy the farm supplies like manure, corn seeds, herbicide, pesticide and fungicide needed for his crops as well as to prepare the soil.… More from Jose Balbino'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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