Update on BuenergeBuenerge is requesting a new loan because he needs to pay for land that he rents on which he grows corn and beans. This will help him have security in his agricultural work.
He expressed that it was a great help to have his previous loan because he was able to buy the necessary supplies to grow corn and beans, helping him provide his family with food and his children with an education.
El manifiesto haber tenido una gran ayuda con el préstamo anterior porque logro comprar los insumos necesarios para el cultivo de maíz y frijol ayudándole a proveer a su familia estos alimentos y a sus hijos en sus estudios.
Previous Loan DetailsBuenerge is a gentleman who works growing corn and beans. He is 56 years old and lives in San Rafael Oriente, in San Miguel department, together with his wife and three children aged 22, 20 and 16. He has been farming for 35 years and works every day of the week. He works longer during the… More from Buenerge'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
- Mar 9, 2012
- Mar 30, 2012
- Currency Exchange Loss:
- Apr 19, 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.