Update on Francisco AntonioFrancisco 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.
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 DetailsFrancisco 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 »
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
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Oct 13, 2011
- Nov 7, 2011
- Currency Exchange Loss:
- May 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.