Update on Juan OvidioJuan is asking for a new loan for the agricultural season because he will start his new corn crops; he will buy manure, herbicide and enhanced seeds that he hopes will result in a good planting and an abundant, healthy harvest.
The effect he had from his previous loan was positive in that he managed to reap the harvest and sell part of it which was a step forward for him in that he had what he needed for his family and to be able to move forward together.
El efecto que tuvo con el préstamo anterior fue positivo, ya que logro recoger la coche y vender parte de ella esto fue un avance para el ya que tubo lo necesario para su familia y juntos poder salir adelante.
Previous Loan DetailsJuan cultivates basic grains. He lives with his wife and three children aged 16, 6, and 2. His father taught him to farm, and he works from 4am until 11am. He is currently cultivating corn, and to support this effort he needs supplies such as manure and pesticides. He needs these supplies a… More from Juan Ovidio'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
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Apr 25, 2012
- Jun 13, 2012
- Currency Exchange Loss:
- Oct 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.