Update on Jose SantosJosé needs a new loan because he needs more working capital for raising chickens. This investment will help him to buy chickens, chicken feed, vitamins, antibiotics, and other items.
His previous loan helped him a great deal. He was able to increase his inventory and obtain a greater income. His economic conditions and family circumstances have improved.
El préstamo anterior fue de mucha ventaja, ya que logro incrementar los inventarios y obtener mayores ingresos; sus condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJosé is thirty-nine, married with two children, and has a chicken farm at his house. He works every day. He wife takes care of selling the fattened-up chickens by the pound. José is currently seeking a loan to buy feed concentrate and chickens so he can expand his farm. This will help him ... More from Jose Santos'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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