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Concepcion

Update on Concepcion

Concepción has decided to take out a new loan, as with this he will be able to continue growing. On this occasion, he wants to pay for manual labor during the milling season for sugar cane, as he needs to hire several people to do this work.

The previous loan helped him to do this same work, which went well in terms of getting the sugar from the unrefined cane. He was also able to sell his sugar products, which helped him to change his family circumstances and increased his income so that he could survive with his family.
View original language description ↓
Concepción, se decidió por un nuevo préstamo, ya que con este aporte puede seguir creciendo, en esta ocasión quiere pagar la mano de obra para la temporada de molienda de caña de azúcar, ya que necesita contratar varias personas para realizar este trabajo.
El préstamo anterior le ayudo para realizar esta misma labor, saliendo bien con la elaboración del dulce de panela y además logro poner a la venta los productos, esto le ha ayudado a cambiar las circunstancias familiares, aumentado los ingresos para poder subsistir con su familia.

Previous Loan Details

Don Concepción is 53 years old, he lives in Cacaopera in the department of Morazán with his wife Doña María and four children, Deysi, 16 years old, Marina, 15 years old, Miguel is 10 and Vilma is 8 years old. They are all economically dependent on him. Don Concepción grows sugar cane and rais... More from Concepcion'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
  • 725
    View loans »
    El Salvador Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $325 helped Concepcion to pay for manual labor during the milling season for sugar cane.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Concepcion. It was first posted on Kiva on Apr, 2011. Learn More