Update on JuliaJulia has decided to take out another loan in order to buy to buy ground hay and flour, and to pay labourers to start growing her own hay. This will give Julia the necessary food for her cattle in the dry season.
Julia tells us that, with her previous investment, she was able to increase her number of cattle, her income increased and her family had better food and clothing. The family is also in better health now.
Manifiesta que con la inversión anterior pudo incrementar las cabezas de ganado que tenía, sus ingresos aumentaron y su familia tiene acceso a mejora alimentación, vestuario, todos ellos se encuentran saludables.
Previous Loan DetailsJulia is asking for a new loan so that she can continue to grow her business. Her previous loan allowed her to buy three hundred kilos of middling (coarsely ground wheat mixed with bran) for her pigs and also concentrate (food pellets) for her cows. This increases her productivity. That last loa... More from Julia'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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