Update on RigobertoRigoberto 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.
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 DetailsRigoberto 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 »
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
- Jan 23, 2012
- Feb 11, 2012
- Currency Exchange Loss:
- Feb 15, 2013
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.