Update on Jose RumaldoJose is applying for a new loan to invest in agricultural inputs and therefore take advantage of the winter season to plant seeds and buy the manure, seeds, insecticides, herbicides, and pesticides necessary to be able to condition the land that he is planting and help his crops to develop well.
The previous loan had a positive impact last season, since his production was very abundant. His immediate family continues to be the same, with the difference being that today they live under better circumstances.
En la temporada pasada con la ayuda del crédito anterior tuvo un impacto positivo, pues sus producción ha sido muy abundante, su núcleo familiar sigue siendo el mismo con la diferencia que hoy viven en mejores circunstancias.
Previous Loan DetailsJosé is a farmer who needs more capital, as with his previous loan he was able to make higher profits, and with this new loan he can buy fertilizer, compost, herbicides, seeds, and a pig to improve his business. With his previous loan, José obtained better harvests and earnings. His economic… More from Jose Rumaldo'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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