Update on Kelvin IsaelKelvin has decided on a new loan to buy cattle feed like ‘harinilla” and ground grass because during this time of year grasses are dry and this purchase will give him what he needs to feed his cattle. He states that he was able to use the previous loan to plant corn and that his family is stable with no inconvenience affecting them.
El manifiesta que con el préstamo anterior logro realizar la siembra de maíz, que su familia se encuentra estable sin ningún inconveniente que les afecte.
Previous Loan DetailsKelvin lives with his parents in San Carlos, in Morazán department. He is a farmer. He grows corn and watermelons, and also sells milk. Kelvin is currently requesting a loan to buy pigs and to sow corn. With this loan he will be able to buy pigs and also the supplies he needs to grow his… More from Kelvin Isael'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
- Mar 8, 2012
- Mar 30, 2012
- Currency Exchange Loss:
- Mar 13, 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.