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Gerardo

Update on Gerardo

Gerardo is requesting a new loan because it is time to gather in his harvest and he needs to pay laborers so that he can have it ready, sell it and buy cattle to raise. This will enable him to obtain more income which will help his family. His previous loans helped him to obtain the fertilizers he needed for his crops and this year they were abundant thanks to the support of our institution which gave him the support he needed.
View original language description ↓
Gerardo, solicita un nuevo préstamo por el motivo que ya es tiempo de recoger su cosecha y pagar mano de obra con el propósito de tenerla ya en casa, venderla y comprara ganado para crecerlos, para obtener otros ingresos el cual le ayudara a su familia.
Los financiamientos anteriores le ayudaron porque obtuvo los fertilizantes necesarios para sus cosechas y este año fueron abundantes gracias al apoyo de nuestra institución que le brindo el apoyo necesario.

Previous Loan Details

Gerardo resides in El Transito in the Department of San Miguel. He grows corn and raises cattle. Gerardo lives with his wife and two children, ages 26 and 28. He has worked for many years and learned his trade from his father. Today he has his own farmland that helps to support his family. <... More from Gerardo'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
  • 460
    View loans »
    El Salvador Loans Fundraising
  • $23,269,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Gerardo to pay laborers to gather his harvest.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 27, 2011
Listed
Jan 7, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012
This photo was used before for a previous loan for Gerardo. It was first posted on Kiva on May, 2011. Learn More