Update on Julio AlbertoJulio has returned again because of the need to invest in his business of growing corn, by buying seed, manure, fertilizers and pesticides, for the next planting.
The previous loan helped him to have the financial resources available with which he could buy agricultural supplies giving him as a result an abundant harvest, quality grain, and higher income.
El crédito anterior le ayudo a tener a su disposición los recursos económicos con los cuales pudo comprar los insumos agrícolas que le dieron como resultado una cosecha abundante, granos de calidad y mejores ingresos.
Previous Loan DetailsJulio, 35 years old, has two children. He is married. His wife is 30 years old. He grows corn and has been farming and ranching for 15 years. He learned it from his parents and he works every day. He is asking for a loan to buy seeds and manure and to pay the rent on the land. This will help h... More from Julio Alberto'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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