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Miguel Ernesto

Update on Miguel Ernesto

Miguel needs a loan to buy herbicides for the pests, seeds and manure so that his harvests will be abundant and free of pests. This is Miguel’s daily work to support his home. His prior loan helped him quite a bit to carry out the previous planting and he’s currently preparing the soil to start his next crops.
View original language description ↓
Miguel, necesita un préstamo para comprar herbicidas para las plagas, semilla y abono para que sus cosechas sean abundantes y estén libres de plagas, este es el oficio que diariamente realiza Miguel y del cual sostiene el hogar.
El prestamo anterior le ayudo muchisimo para realizar la siembra anterior, actualmente prepara nuevamente la tierra para iniciar su nuevo cultivo.

Previous Loan Details

Miguel works in agriculture. He lives with his wife and their son who is two years old. Miguel plants beans on a small plot of land. He sells some of the crop and also helps to feed his family with it. He is getting ready for the harvest and is requesting a loan to purchase better quality se... More from Miguel Ernesto's previous loan »

Additional Information

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.

About El Salvador

  • $4,900
    Average annual income
  • 563
    View loans »
    El Salvador Loans Fundraising
  • $23,948,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Miguel Ernesto to buy manure, herbicide and seeds.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2011
Listed
Oct 11, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012
This photo was used before for a previous loan for Miguel Ernesto. It was first posted on Kiva on Jun, 2011. Learn More