Update on EliasElias, has decided on another loan to invest in planting during the irrigation season. He needs to buy compost, fertilizers, pesticides and insecticides in order to prepare the soil and have a good harvest. The previous loan was useful to get the financial resources, with which he bought the necessary supplies for the harvest. It helped him to increase his production, earn more and give his family a much better lifestyle.
El préstamo anterior le sirvió para tener los recursos económicos con los cuales compro los insumos necesarios para la cosecha, le ayudo a aumentar su producción tener mejores ganancias y a dar un estilo de vida a su familia mucho mejor.
Previous Loan DetailsElías is requesting capital so that he can invest in the planting of basic grains. He will buy seeds, fertilizers, insecticides, and compost, which will help him to prepare the land and have it ready for the planting season. With his previous loan, he was able to achieve an abundant harvest... More from Elias'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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