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Victor Manuel

Update on Victor Manuel

Victor is applying for a loan to buy supplies for his farming business: fertilizer, insecticides, etc. He will use the supplies he buys with the loan to continue his business.
He tells us, too, that past loans helped him bring in a good harvest, something that is important to his family because they can sell whatever surplus they don't need to live to generate a cash income.
View original language description ↓
Víctor, solicita un préstamo por la necesidad de sembrar su cultivo agrícola, como abono, insecticidas y pesticidas, esto le ayudara a brindarle lo necesario para la ejecución de sus labores y poder seguir trabajando.
El considera que con el préstamo anterior logro realizar su trabajo, obteniendo una buena cosecha, que tambien beneficio a su familia, pues contaron con granos básicos para la alimentación y para vender y generar ingresos.

Previous Loan Details

Víctor is a farmer who lives with his wife and two children. He learned how to farm when he was young. He currently works on his own farm and does not work fixed hours. Right now, he is about to start sowing his crops and so is requesting a loan to buy agricultural supplies such as manure and ... More from Victor Manuel'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
  • 454
    View loans »
    El Salvador Loans Fundraising
  • $23,095,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Victor Manuel to buy supplies for his farming business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 28, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 19, 2013
This photo was used before for a previous loan for Victor Manuel. It was first posted on Kiva on Jun, 2011. Learn More