Update on Gonzalo ArmandoGonzalo 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.
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 DetailsGonzalo 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 »
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
- Apr 9, 2012
- May 15, 2012
- Currency Exchange Loss:
- Nov 16, 2012
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.