Update on MateoMateo 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.
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 DetailsMateo 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 »
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
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Jan 17, 2012
- Feb 10, 2012
- Currency Exchange Loss:
- Aug 16, 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.