Update on WilbertoWilberto is requesting a new loan in order to buy chickens and feed for his birds. In addition, he will buy laminate sheets for improving the infrastructure of his home.
His previous investment helped to strengthen his business and improve his financial situation. As a result, he was able to meet his family needs. Today he has a small farm that generates extra income.
La inversión anterior le ayudo a fortalecer el negocio para mejorar su economía y cumplir con las necesidades de su familia. Hoy cuenta con un apequeña granja la que le da ingresos extras.
Previous Loan DetailsWilberto is a farmer and an employee. He lives with his wife and children. Wilberto learned how to farm from his father, who taught him the whole process. He has been farming for his family for 12 years. Wilberto is currently starting to sow his crops. He is requesting a loan to buy the f... More from Wilberto'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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