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Francisco Antonio

Update on Francisco Antonio

Francisco is asking for another loan because the previous one was very helpful and he’s managed to repay it punctually. He can now have a new investment and buy supplies for his crops like manure and herbicide. He will apply the materials to his plants to obtain a better production.

With his previous loan, Francisco was able to increase herd size and in a period of time sold the cattle for good prices making good deals and repaying his loan on time. His family is more comfortable because they are getting ahead little by little.
View original language description ↓
Francisco, está solicitando otro préstamo, porque le sirvió muchísimo el anterior, y ha logrado pagarlo puntualmente, esto le permite obtener una nueva inversión en comprar insumos para la siembra agrícola, como abono y herbicidas, los materiales los aplicara a la plantación para poder obtener una producción mayor.
En el anterior préstamo, Francisco logro ampliar el ganado, y en un lapso de tiempo logro vender las reces a buen precio, haciendo un buen negocio y cancelando a tiempo el préstamo. Su familia está más cómoda, ya que están superándose poco a poco.

Previous Loan Details

Francisco lives with his wife and engages in farm work and raising livestock. His business has progressed thanks to the support from his parents, who have experience in this line of work. Francisco does not work on a fixed schedule when attending to his customers. He is requesting a loan ... More from Francisco Antonio'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

  • $7,500
    Average annual income
  • 785
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Francisco Antonio to buy manure and herbicide.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 13, 2011
Listed
Nov 7, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012
This photo was used before for a previous loan for Francisco Antonio. It was first posted on Kiva on Aug, 2011. Learn More