Update on Miguel AngelMiguel 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.
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 DetailsMiguel 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… More from Miguel Angel'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 11, 2012
- May 17, 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.