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Rigoberto

Update on Rigoberto

Rigoberto seeks to build his business and the best option is to seek a loan with this lender; his cattle raising activity is growing and he now has the opportunity to buy three calves. By making this investment, he hopes to secure future earnings. He notes that his last credit yielded good benefits as he was able to invest and manage payments, helping his family and feeling more secure in his business.
View original language description ↓
Rigoberto, necesita fortalecer el negocio, para él la mejor opción es solicitar un préstamo con esta institución, ya que quiere que la ganadería vaya creciendo y se le ha dado la oportunidad de comprar tres terneros, esta será su inversión, de la cual espera en un futuro tener ganancias.
El comenta que ha recibido mejoras desde su último préstamo, ya que pudo invertirlo y manejar el préstamo en sus pagos, ayudando mejor a su familia y sintiéndose más dichoso en su oficio.

Previous Loan Details

Rigoberto is married and has one 8-year-old child. He is a farmer and has made his living at farming for 15 years. His father taught him the whole process of planting and tending crops. He works every day from 6:00am to 3:00pm. He is requesting a loan to purchase manure and pesticides for his cr... More from Rigoberto'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
  • 528
    View loans »
    El Salvador Loans Fundraising
  • $23,480,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Rigoberto to buy three calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 23, 2012
Listed
Feb 11, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Rigoberto. It was first posted on Kiva on Jul, 2011. Learn More