Update on Lucio EscobarLucio needs a new loan to continue working and generating income that he needs to get his family ahead. On this occasion, he will use it to pay labor costs for assistants that help him carry out the collection of the harvest.
With the previous loan, he bought a drill and sawtimber to strengthen the business. This let him leave benefitting with improved sales, increased income and he could pay off his debts.
Con el préstamo anterior compro comprar taladro y madera para aserrar para fortalecer el negocio, lo que le permitió salir beneficiado con mejores ventas, mayores ingresos y ha podido cancelar sus deudas.
Previous Loan DetailsLucio lives with his wife and 20-year-old daughter. He saws lumber. He learned this occupation from his father and for many years he’s continued with this work. His work schedule is flexible. He needs the loan to buy a drill and lumber to saw and then sell at a better price thus providing... More from Lucio Escobar'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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