Update on EmilioEmilio bought a cow and agricultural supplies with the working capital he was provided through Kiva previously. This has helped him to have a better harvest of staple grains and also milk products that he can sell to his neighbors, and with which he provides his family a better diet.
On this occasion he is requesting working capital so that he can purchase agricultural supplies for growing basic staples. He will buy manure, seeds, fertilizers, insecticides, herbicides, and pay for labor, which will help him to carry out the work.
En esta ocasión está solicitando capital para invertirlo en insumos agrícolas para cultivar granos básicos, comprara abono, semilla, fertilizantes, insecticidas, herbicidas y pago de mozos, que le ayuden a realizar los trabajos.
Previous Loan DetailsEmilio lives with his common-law wife and two children. He raises cattle, plants basic grains and works as a bricklayer. When he was young he learned from his father how to grow basic grains and manage the raising of cattle. To earn more money he works as a bricklayer. Emilio will use the loan t... More from Emilio'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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