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Marcelino

Update on Marcelino

Marcelino is requesting a new loan to guarantee availability of cropland. He will use the funds to rent land for the upcoming sowing season for his corn and bean crops.

He had a positive experience with the previous loan which he used to buy the supplies he needed for an abundant crop, which improved his family's living conditions.
View original language description ↓
Marcelino, está solicitando un nuevo préstamo porque quiere garantizar el terreno para el cultivo, por eso con estos fondos pagara el alquiler del terreno para el cultivo de maíz y frijol que está por iniciar.
El tuvo una experiencia positiva con el préstamo anterior ya que compro los insumos necesarios para que la siembra se desarrollara y diera abundante frutos, mejorando tambien las condiciones de la familia.

Previous Loan Details

Marcelino lives in the El Transito department of San Miguel, El Salvador. He is a farmer, and lives with his wife and three children aged 6, 9 and 12. For the past 20 years, he has been dedicated to cultivating and selling corn and kidney beans, working every day and more than just during sowing ... More from Marcelino'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

  • $7,500
    Average annual income
  • 771
    View loans »
    El Salvador Loans Fundraising
  • $25,574,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Marcelino to pay for land rental.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 13, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 18, 2013
This photo was used before for a previous loan for Marcelino. It was first posted on Kiva on May, 2011. Learn More