Update on Jose NoeJosé is applying for a loan to invest in his yuca and maize crops. He will use this loan to buy fertilizer, herbicide, manure, and seeds, as well as to pay the rent on his land. He hopes to have an abundant harvest.
With his previous loan, he earned a higher income and improved his production. He paid off his debt and improved his quality of life. He and his family have better nutrition and they are all healthy.
Con el préstamo anterior el cultivo y obtuvo mejores ganancias, mayor producción, cancelo la deuda y mejor sus condiciones de vida junto a su familia tienen mejor alimentación, todos se encuentran saludables.
Previous Loan DetailsJosé needs to invest more in his agriculture business in order to acquire more income. This loan will help him to buy seeds, fertilizer, herbicide, insecticide, and pesticide, among other things in order to prepare his land. His previous loan helped him to increase his inventory and obtain more i... More from Jose Noe'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