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David

Update on David

David has requested a new loan. He is starting his agricultural work, and needs to invest in the purchase of 1,000 chile plants, manure and fertilizer. He will use these items to plant chile peppers, and hopes that he will have no problems and will be able to have a good harvest.

His previous loan had a positive impact, increasing his produce of basic foodstuffs and improving his family circumstances.
View original language description ↓
David, solicita un nuevo préstamo, esta iniciando su labor agrícola, para la que necesita invertir en la compra de 1000 plantas de chile, abono y foliares, con esto iniciara su siembra de chiles, esperando no tener ningún inconveniente y poder sacar una buena cosecha.
El efecto que tuvo con su préstamo anterior fue buena, aumentaron su producción en granos básicos, mejorando también sus circunstancias familiares.

Previous Loan Details

David lives in El Transito, San Miguel Department, with his wife and three-year-old son. He’s a farmer, specifically chilies. He is currently preparing to acquire a good number of plants. He is asking for a loan to cover the purchase of the chilies and also manure and insecticide. This pu... More from David'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
  • 796
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $325 helped David to buy 1,000 chile pepper plants, manure and plant fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 13, 2012
Listed
May 18, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 29, 2013
This photo was used before for a previous loan for David. It was first posted on Kiva on May, 2011. Learn More