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Gilberto

Update on Gilberto

Gilberto is asking for a new loan because he’s intending to work in agriculture planting corn and beans and to do so needs to buy manure and to pay those who will help him do the work; he expects to start this crop with all necessary supplies.

With the previous loan he managed to get a good corn harvest helping his family because he was able to do some sales with this harvest and the income produced helped with household needs.
View original language description ↓
Gilberto, solicita un nuevo préstamo ya que se dispone a trabajar en la agricultura sembrando maíz y frijol para esto necesita comprarse abono y pagar mano de obra a quienes le ayudan a realizar el trabajo el espera iniciar este cultivo con todos los materiales necesarios.
Con el préstamo anterior logro salir con una buena cosecha de maíz ayudando a su familia ya que con esta producción logro realizar algunas ventas y esos ingresos fueron realizados en las necesidades del hogar.

Previous Loan Details

Gilberto, who is 58 years old, lives in Gualococti in Morazán department, and grows vegetables, corn and beans. He lives with his wife and two children, 20 and 15 years old, who both study. Gilberto has farmed for 20 years, growing his crops on his own lands and learning the business from his fat... More from Gilberto'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
  • 624
    View loans »
    El Salvador Loans Fundraising
  • $24,271,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $650 helped Gilberto to buy manure and to pay labor costs.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 26, 2012
Listed
May 29, 2012
Currency Exchange Loss:
N/A
Expired:
Jun 28, 2012
This photo was used before for a previous loan for Gilberto. It was first posted on Kiva on Mar, 2011. Learn More