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Update on Mateo

Mateo has had a good experience with loans, so he is applying again, since he feels that it is a good way to work and to move ahead. Now this loan will be used to pay for laborers to harvest his crop of maicillo (similar to millet) and also to rent a thresher and pay for transportation to bring it closer to his home.

He comments that he had positive results from investing the previous loan, since his crops were healthy, obtaining good results, and this has also benefited his family.
View original language description ↓
Mateo, ha tenido una buena experiencia con los prestamos, por eso se encuentra solicitando nuevamente, ya que considera que es una buena forma para trabajar e irse superando, en esta ocasión el préstamo será utilizado en el pago de mozos para la recolección de la cosecha de maicillo, tambien alquilara una maquina desgranadora y pago de transporte para hacerlo llegar hasta su vivienda.
Él comenta que tuvo un efecto positivo con la inversión del préstamo anterior, ya que sus cultivos fueron sanos, obteniendo buenos resultados, con esto tambien ha sido beneficiada su familia.

Previous Loan Details

Mateo lives with his wife and his 17 year old daughter. He is a farmer. He has been growing corn and beans for 40 years. He learned this trade as an inheritance from his father. His work starts at 4:00 a.m., and he works until 11:00 a.m. every day of the week. He is requesting a loan to bu... More from Mateo'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
  • 747
    View loans »
    El Salvador Loans Fundraising
  • $28,256,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $225 helped Mateo to pay laborers to harvest his crops.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Jan 17, 2012
Feb 10, 2012
Currency Exchange Loss:
Aug 16, 2012
This photo was used before for a previous loan for Mateo. It was first posted on Kiva on Jun, 2011. Learn More