Update on Joaquin AlonsoJoaquin feels satisfied because of the good results he has had by using loans to continue harvesting basic grains (corn, sorghum and beans). The results include more productivity and higher profits. With the loans, he also remodeled his home, which provided a better lifestyle to his family. He is requesting a new loan to invest in the purchase of 8 sacks of fertilizer, with which he will improve the development of his harvests and will maintain his source of income active.
Opta por un nuevo préstamo para invertirlo en la compra de 8 sacos de abono, con lo que mejorara el desarrollo de sus cultivos y seguirá manteniendo activa su fuente de ingresos.
Previous Loan DetailsJoaquiín is single and lives with his parents and siblings. His family is farmers. They grow corn, millet and beans. Joaquín has been a farmer for the past ten years. He works from 6:00am until 2:00pm. He learned how to farm from his father. He would like to buy fertilizer and pay his farm workers.… More from Joaquin Alonso'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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