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Pedro

Update on Pedro

Pedro is applying for a new loan to buy two pigs, and concentrated feed for his pigs and cattle. This will enable him to expand his small pig farm, and maintain the animals' feed for several months.

He says that he has had a good experience with his previous loan, which he used to improve his business, with the aim of having more income.
View original language description ↓
Pedro, está solicitando un nuevo préstamo para la compra de dos cerdos y concentrado para alimentar los cerdos y el ganado, esto le ayudara a crecer en la granja de cerdos y mantener el alimento para varios meses.
El manifiesta haber tenido una buena experiencia con su préstamo anterior, que utilizo para mejorar su negocio, con el objetivo de tener más ingresos económicos.

Previous Loan Details

Pedro lives with his family, his wife and seven children, aged 18, 17, 13 and 13 (twins), 9, 7 and 5 years old. He works with cattle. He started working with his father when he was little. His present work schedule is from 4:00 a.m. to 3:00 p.m. He plans on buying cattle and planting corn. For this… More from Pedro'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
  • 443
    View loans »
    El Salvador Loans Fundraising
  • $22,741,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Pedro to buy pigs and concentrated feed.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 13, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Pedro. It was first posted on Kiva on Aug, 2011. Learn More