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Gonzalo Armando

Update on Gonzalo Armando

Gonzalo is asking for a new loan to invest in his basic grains’ productivity because he’s starting to plant corn and sesame. He will buy manure, herbicide and improved seeds to start his corn fields.

The previous loan helped him improve his harvests of basic grains because he was able to get the supplies and apply them and that’s what production depended on. With that harvest he was able to support his family who to date are in good conditions and in good health.
View original language description ↓
Gonzalo, está solicitando un nuevo préstamo para invertirlo en la productividad de los granos básicos, pues está iniciando la siembra de maíz y ajonjolí, comprara abono, herbicidas, semilla mejorada, para comenzar la milpa.
El préstamo anterior le ayudo a mejorar sus cosechas de granos básicos, ya que le facilito los materiales para aplicarlos y de eso dependió la producción, con esa cosecha mantuvo para la alimentación de su familia, hasta la fecha se mantienen en buenas condiciones y buena salud.

Previous Loan Details

Gonzalo lives with his wife and four children. He grows corn and raises cattle for a living and has been involved in agriculture for many years. Through this activity he has been able to maintain his family and support his children. He is requesting a loan to buy five sacks of fertilizer and... More from Gonzalo Armando'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
  • 761
    View loans »
    El Salvador Loans Fundraising
  • $26,201,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Gonzalo Armando to buy manure, herbicide and improved seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 9, 2012
Listed
May 15, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 16, 2012
This photo was used before for a previous loan for Gonzalo Armando. It was first posted on Kiva on Sep, 2011. Learn More