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Miguel Angel

Update on Miguel Angel

Miguel decided to request a new loan because he says that he needs to rent the land where he will grow corn and beans. These loans have helped Miguel with his farm work by providing him with the financial resources to be able to purchase what he needs and rent the land.
He has had positive results, because he has managed to have good work and his crops have been plentiful. This has also helped feed his family.
View original language description ↓
Miguel, se decidió por un nuevo préstamo, pues manifiesta que necesita arrendar el terreno donde realizara el cultivo de maíz y frijol, estos prestamos han ayudado a Miguel en su trabajo agrícola, proporcionándole los recursos económicos para poder comprarse lo necesario y arrendar el terreno.
Su efecto con esto ha sido positivo, pues ha logrado tener un buen trabajo y sus cultivos han sido abundantes, le ha ayudado también en la alimentación para su familia.

Previous Loan Details

Miguel with his wife and their two children, aged 19 and 24. He has been cultivating corn and beans for the past 5 years. He learned from his father the necessary process to work the land. His work schedule is from 6:00am to 3:00pm He requests a loan to purchase fertilizers and pesticides. This l... More from Miguel Angel'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

  • $4,900
    Average annual income
  • 683
    View loans »
    El Salvador Loans Fundraising
  • $25,086,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $375 helped Miguel Angel to purchase materials and rent land for farming.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 11, 2012
Listed
May 17, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 19, 2013
This photo was used before for a previous loan for Miguel Angel. It was first posted on Kiva on May, 2011. Learn More