Update on Hector AntonioHéctor has made the decision to take out a new loan, in order to buy pigs and pay for the gathering of the harvest. This is in order to build up his business and shorten the time for delivering his crops.
The previous loan helped him to farm without any problem, resulting in a harvest free of pests and of better quality. His finances are much more stable.
El crédito anterior le ayudo a cultivar sin ningún problema, teniendo como resultado una cosecha libre de plagas y de mejor calidad, su economía es mucho más estable.
Previous Loan DetailsHector has decided that it is necessary for him to request a new loan because he needs money to help him buy the agricultural supplies he needs such as seeds, manure, herbicides, pesticides, insecticides, and to pay labor costs. The previous loan was of great help to him as it covered the costs of… More from Hector Antonio'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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