Update on Denis AlexanderDenis invested his previous loan in purchasing the farming supplies he needed to plant and obtain good results from his business, like increased profit and an abundant harvest. He is currently able to support his family and they are enjoying a more comfortable life.
Since the planting season is approaching, Denis is requesting a new loan in order to buy fertilizers, insecticides, and seeds. This will allow him to start all preparations immediately in order to continue farming.
Como la temporada de siembra se acerca Denis solicita un nuevo crédito para comprar abono, fertilizantes, insecticidas y semilla, así de manera inmediata iniciará con los preparativos para seguir trabajando en la agricultura.
Previous Loan DetailsDenis is asking for a new loan because he needs more working capital and because of the good service the institution provides him. This will make it possible for him to pay the lease on the land and to buy manure for his corn and bean crops. The previous loan helped him to buy farm supplies f... More from Denis Alexander'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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Success!! The loan was 100% repaid