Update on Denis AlexanderDenis has decided to ask for another loan because he is starting to grow corn. For this he needs to rent some land where he can grow the crop.The money from this loan will be used to rent the land, helping him to have the security to keep growing.
He considers that with the previous loan he was able to acquire the materials he needed to apply to the crop, and with this he obtained a good crop.
Él considera que a través del préstamo anterior pudo adquirir los insumos necesarios para aplicarlos a la siembra, de la cual obtuvo buena cosecha.
Previous Loan DetailsDenis lives with his wife and 6 year old child, and has been growing corn and beans for 15 years, learning from his father, working every day from 6:00AM until 3:00PM. He is asking for a loan in order to buy fertilizer and herbicides, and as he is preparing to plant corn and beans, this loan w... More from Denis Alexander'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
- At end of term
- Feb 27, 2012
- Mar 12, 2012
- Currency Exchange Loss:
- Mar 18, 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.